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DOCUMENTS 
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The  Public  Utilities  Commission 
of  the  State  of:  Colorado , 


Uniform  System  of 
Accounts 


FOR 


Electric  Light  and  Power  Utilities 


First  Issue,  Effective  January  1,  1916 


Denver,   Colorado 
1915 

mammmmmtmmmm^ 

THE  SMITH-BROOKS  PRESS,  DENVER 


The  Public  Utilities  Commission 
of  the  State  of/ Colorado 


Uniform  System  of 
Accounts 


FOR 


Electric  Light  and  Power  Utilities 


First  Issue,  Effective  January  1,  1916 


Denver,    Colorado 
1915 

THE  SMITH-BROOKS  PRESS.  DENVER 


Doenments  Der>t. 

CONTENTS 


INTRODUCTION 

Page 

Order    3 

General  Requirements  and   Instructions. 4-5 

INDEX  TO  ACCOUNTS 

Balance  Sheet  Accounts 9 

Plant  Investment  Accounts 11 

Income  Accounts 12 

Appropriation  Accounts    IS 

DEFINITION  OF  ACCOUNTS 

Balance  Sheet  Accounts 21 

Plant  Investment  Accounts 34 

Income  Accounts 43 

Appropriation  Accounts 7:: 


JH  * 

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3 

DOCUMENTS 

At  a  regular  session  of  The  Public  Utilities  Comi&S-don  of 
the  State  of  Colorado,  held  at  Denver,  Colorado,  on  the  10th  day 
of  January,  1916. 


In  the  Matter  of  a  Uniform 

Classification  of  Accounts    -    Order  No.  9. 
for  Electric  Utilities. 


The  Commission,  acting  under  the  laws  of  Colorado  relating 
to  public  utilities,  including  municipally  owned  or  operated  util- 
ities, and  in  the  exercise  of  the  powers  conferred  upon  it  by  law, 
and  after  due  notice  to  all  public  utilities  to  be  affected  thereby, 
including  municipally  owned  or  operated  utilities,  deeming  it 
advisable,  after  full  investigation,  to  establish  a  system  of 
accounts  and  records  to  be  used  and  kept  by  all  public  utilities 
engaged  in  the  generation,  transmission  or  sale  of  electricity, 
including  municipally  owrned  or  operated  electric  utilities,  it  is 
therefore, 

ORDERED,  That  the  system  of  accounts  and  records,  fully  set 
forth  and  described  in  a  pamphlet,  identified  and  designated  as 
"A  Uniform  Classification  of  Accounts  for  Electric  Utilities,"  said 
pamphlet  and  all  its  contents  being  referred  to  herein,  hereto 
attached  and  made  a  part  hereof,  be  and  the  same  is  hereby  estab- 
lished and  prescribed  as  the  system  of  accounts  and  records  to  be 
kept  and  used  by  each  and  all  of  said  utilities. 

IT  Is  FURTHER  ORDERED,,  That  each  such  utility  shall  carry 
on  its  books,  the  accounts  and  records  herein  prescribed  for  such 
utility,  and  shall  accurately  keep  such  accounts  in  accordance 
with  the  requirements,  definitions  and  instructions  contained  and 
set  out  in  this  pamphlet. 

IT  Is  FURTHER  ORDERED,  That  this  order  shall  take  effect  on 
January  1st,  1916,  and  shall  continue  in  force  until  suspended, 
modified  or  set  aside  by  this  Commission. 

THE  PUBLIC  UTILITIES  COMMISSION, 

S.  S.  KENDALL, 

Chairman. 

(SEAL)  GEO.  T.  BRADLEY, 

M.  H.  AYLESWORTH, 

Commissioners. 
A  true  copy  : 

GEORGE  F.  OXLEY, 

Secretary. 


099 


UNIFORM  SYSTEM  OF  ACCOUNTS  FOR  ELECTRIC  LIGHT 
AND  POWER  UTILITIES. 

The  uniform  system  of  accounts  contained  in  this  circular  is 
established  and  issued  by  The  Public  Utilities  Commission  under 
the  provisions  of  the  Public  Utilities  Act,  Section  33. 

An  Act  concerning  public  utilities,  creating  a  Public  Utilities 
Commission,  prescribing  its  powers  and  duties  and  repealing  cer- 
tain acts  and  parts  of  Acts  in  conflict  therewith. 

Section  33.  The  Commission  shall  have  power  to  establish 
a  system  of  accounts  to  be  kept  by  all  public  utilities  or  to  classify 
said  public  utilities,  and  to  establish  a  system  of  accounts  for 
each  class,  and  to  prescribe  the  manner  in  which  such  accounts 
shall  be  kept. 

The  system  of  accounts  and  records,  fully  set  forth  in  this 
pamphlet  and  designated  as  "A  Uniform  Classification  of 
Accounts  for  Electric  Utilities,"  is  hereby  established  and  pre- 
scribed as  the  system  of  accounts  and  records  to  be  kept  and 
used  by  each  and  all  of  said  utilities. 

Each  such  utility  shall  carry  on  its  books  the  accounts  and 
records  herein  prescribed,  and  shall  accurately  keep  such  accounts 
in  accordance  with  the  requirements,  definitions,  and  instructions 
contained  and  set  out  in  this  pamphlet. 

The  utility  shall  keep  its  records  in  such  a  manner  as  to  show 
the  full  facts  connected  witli  matters  covered  by  the  accounts 
provided  herein.  When,  for  the  purpose  of  improving  the 
efficiency  of  administration  and  operation  it  is  desirable  to 
further  refine  or  allocate  the  general  accounts,  the  same  may  be 
supported  by  other  records  in  which  the  details  shall  be  fully 
stated,  and  the  entries  in  the  general  accounts,  as  specified  in  this 
classification,  shall  contain  such  references  to  the  detailed  records 
as  will  enable  a  ready  identification  and  verification  of  the  facts 
therein  recorded,  but  no  change  shall  be  made  in  the  general 
classification  accounts  herein  prescribed  without  permission  of 
the  Commission  having  been  first  obtained. 

This  system  of  accounts  and  records,  herein  prescribed,  shall 
be  used  and  kept  by  all  public  utilities  engaged  in  the  generation, 
transmission  or  sale  of  electricity,  including  municipally  owned 
or  operated  electric  utilities. 

When  the  same  utility  plant  supplies  service  in  different 
localities,  so  far  as  practicable,  the  accounts  of  such  utility  shall 
be  so  kept  that  the  operating  expense  and  operating  revenue  in 
each  locality  may  be  easily  determined.  Any  utility  in  doubt  as 
to  whether  in  its  case  separate  accounts  should  be  kept,  and  to 
what  extent,  should  confer  with  the  Commission. 

This  classification  has  been  prepared  with  a  view  of  making 
it  applicable  to  varied  localities  and  conditions,  and  to  all  electric 
utilities.  In  order  that  uniformity  may  be  secured  in  the  applica- 


5 

tion  of  the  provisions  of  this  classification,  the  accounting  officers 
of  the  Utilities  are  urged  to  correspond  with  the  Commission 
should  any  difficulties  arise  with  regard  to  the  interpretation  of 
any  account  or  rule  herein  prescribed. 

The  Commission  does  not  bind  itself  to  approve  any  item  set 
out  in  any  account,  either  as  to  amount  or  character,  for  rate 
making  purposes.  The  classification  of  accounts  is  designed  to 
set  out  the  facts  in  connection  with  the  income,  expenses,  etc., 
that  the  Commission  may  determine  therefrom,  for  rate  making 
purposes,  just  what  consideration  shall  be  given  to  the  various 
items  in  the  several  accounts. 

Upon  this  classification  will  be  based  the  annual  report  to 
be  made  to  the  Public  Utilities  Commission. 

All  records  and  accounts,  including  enlargements,  sub- 
divisions or  refinements  of  these  prescribed  accounts,  are  to  be 
open  at  all  times  to  the  examination  of  this  Commission. 

The  Public  Utilities  Commission  of  the  State  of  Colorado. 

S.  S.  KENDALL, 

Chairman. 

GEO.  T.  BRADLEY, 

M.  H.  AYLESWORTII, 

Commissioners. 


Index  to 
Uniform  Classification  of  Accounts 


BALANCE  SHEET  ACCOUNTS 

ASSETS 

Plant  Investment 

101-190— Plant  Investment 

195 — Property  in  Other  Departments 

200— Unfinished  Plant  Investment 

CURRENT  ASSETS 

Quick  Assets 

201— Cash 

202— Notes  Receivable 
203 — Accounts  Receivable 
204— Other  Quick  Assets 

BUSINESS  ASSETS 

205 — Materials  and  Supplies 

206 — Prepaid  Accounts 

207 — Miscellaneous  Current  Assets 

OTHER  ASSETS 

226 — Investments 

227 — Reacquired  Securities 

228— Sinking  Funds— Invested 

229 — Sinking  Funds — Uninvested 

230— Special  Deposits 

231— Treasury  Securities 

SUSPENSE 

251 — Debt  Discount  and  Expense 

252 — Abandoned  Property 

253 — Jobbing  Accounts 

254 — Clearance,  Equalization  and  Apportionment 

255 — Other  Suspense 

256 — Open  Accounts 

BALANCE   SHEET LIABILITIES 

Capital  Stock 

301— Preferred  Stocks 
305 — Common  Stocks 

Debt 
Funded  Debt 

311— Bonds 
315_Unfunded  Debt 
320— Other  Funded  Debt 


10 


Current  Liabilities 

321 — Notes  Payable 

322 — Accounts  Payable 

323— Bond  Interest  Matured 

324 — Other  Interest  Matured  Unpaid 

325— Dividends  Payable 

330 — Consumers'  Deposits 

331— Other  Current  Liabilities 

Accrued  Liabilities 

341 — Interest  Accrued  on  Funded  Debt 

342 — Interest  Accrued  on  Unfunded  Debt 

343 — Taxes  Accrued 

344 — Insurance  Accrued 

345 — Dividends  Accrued 

346 — Other  Accrued  Liabilities 

Reserves 

Permanent  and  Corporate  Reserves 

351 — Depreciation  Reserve  Fund 
352 — Amortization  Reserve  Fund 
353 — Unamortized  Premium  on  Debt 
354 — Sinking  Fund  Reserves 
355 — Other  Permanent  Reserves 
356 — Temporary  Operating  Reserves 
357 — Unamortized  Debt  and  Expense 
358 — Maintenance  Reserve 
359 — Uncollectible  Account  Reserve 
376 — Premium  on  Capital  Stock 

Profit  and  Loss 

400— Profit  and  Loss 


11 


PLANT  INVESTMENT  ACCOUNTS 

Plant  Investment  Accounts 

101 — Organization 
102 — Franchises 
103 — Royalties  and  Licenses 
104 — Other  Intangible  Property 
105— Land 

106 — Buildings,  Fixtures  and  Structures 
107 — Generating  Plant — Steam 
108 — Generating  Plant — Gas 
109 — Hydraulic  Power  Works  Equipment 
110 — Hydraulic  Power  Plant  Equipment 
111— Boiler  Plant 

112 — Gas  Producers  and  Accessories 
113 — Miscellaneous  Power  Plant  Equipment 
120 — Transmission  System 

121 — Sub-station  Equipment  and  Transformer  Station  Equip- 
ment 

130 — Storage  Batteries  Equipment 
140 — Distribution  System 
141 — Line  Transformers 
142— Meters 

150 — Commercial  Lamps  and  Lamp  Equipment 
160 — Municipal  Street  Lighting  System 
162 — General  Office  Equipment 
166 — Customers'  Installation 
168— Miscellaneous  Equipment 

(a)  Coal  Storage  Equipment 

(b)  Laboratory  Equipment 
169— Utility  Equipment 

180 — Miscellaneous  Construction  Expenses 

187 — Property  in  Other  Departments 

190 — Cost  of  Plants  Purchased  in  Lieu  of  Plant  Construction 

200 — Unfinished  Plant  Investment 


12 


INCOME  ACCOUNTS 

OPERATING   REVENUES 

501 — Commercial  Lighting 

502 — Municipal  Street  Lighting 

503 — Commercial  Power 

504 — Municipal  Power 

505 — Sale  to  Other  Public  Service  Corporations 

506 — Electric  Mdse.  and  Jobbing 

507 — Miscellaneous  Electric  Revenue 


OPERATING  EXPENSES 

Steam  Power  Generation 
Operation 

601 — Superintendence 
602— Wages 

(a)  Boiler  Labor 

(b)  Engine  Labor 

(c)  Electrical  Labor 

(d)  Miscellaneous  Labor 
603— Fuel 

604— Water 

605 — Lubricants 

606 — Station  Supplies  and  Expense 

(a)  Production  Supplies 

(b)  Station  Expense 
607 — Steam  Purchased 

Maintenance 

(HI— Station  Buildings 

(a)  Repairs — Sundries 

(b)  Repairs — Station  Structure 
6 1 2 — Steam  Equipment 

( a )  Repairs — Boilers 

(b)  Repairs — Boiler  Apparatus 

( c )  Repairs — Piping 

(d)  Repairs — Engines  and  Turbines 

(e)  Repairs — Mechanical  Apparatus 

(f )  Repairs — Tools  and  Implements 
613 — Electrical  Equipment 

(a)  Repairs — Main  Generators 

(b)  Repairs — Exciting  Apparatus 

(c)  Repairs — Control  and  Protective  Equipment 

(d)  Repairs — Transformers  and  Converting  Apparatus 


13 

Production 

Hydraulic  Generation 

Operation 

625 — Superintendence 
626— Wages 

(a)  Hydraulic  Labor 

(b)  Station  Labor 

(c)  Miscellaneous  Labor 
627 — Water  Purchased  for  Power 
628— Lubricants 

629 — Station  Supplies  and  Expejise 

(a)  Production  Supplies 

(b)  Station  Expense 

Maintenance 

635 — Reservoirs,  Dams,  Canals  and  Pipe  Lines 

(a)  Repairs — Darns  and  Intakes 

(b)  Repairs — Flumes  and  Canals 

(c)  Repairs — Reservoirs  and  Forebays 

(d)  Repairs — Penstocks  and  Tail-races 

(e)  Repairs — Way  and  Cars 

(f)  Repairs — Telephone  System 
636 — Wheels  and  Governors 

637 — Electrical  Equipment 

(a)  Generators  and  Transformers 

(b)  Switchboards,  Switching  Apparatus  and  Wiring 
638 — Miscellaneous  Station  Equipment 

639— Station  Buildings 

Gas  Generation 

Operation 

651 — Superintendence 
652— Wages 

(a)  Fuel  Labor 

(b)  Engine  Labor 

(c)  Electrical  Labor 

(d)  Miscellaneous  Labor 
653— Producer  Fuel 

654— Water 

655 — Lubricants 

656 — Station  Supplies  and  Expense 

(a)  Production  Supplies 

(b)  Station  Expense 
657 — Power  Gas  Purchased 


14 

Maintenance 

661 — Station  Buildings 

(a)  Repairs — Sundries 

(b)  Repairs — Station  Structure 
662 — Gas  Equipment 

(a)  Repairs — Producer  Equipment 

(b)  Repairs — Engines  and  Turbines 

(c)  Repairs — Mechanical  Apparatus 
663 — Electrical  Equipment 

(a)  Repairs — Main  Generators 

(b)  Repairs — Exciting  Apparatus 

(c)  Repairs — Control  and  Protective  Equipment 

(d)  Repairs — Transformers  and  Converting  Apparatus 
670— Purchased  Power 

TRANSMISSION 

Operation 

675— Sub- Station  Wages 

(a)  Superintendence 

(b)  Wages 

676 — Sub-Station  Supplies  and  Expense 
677— Subway  Rental 
678 — Transmission  Lines 

(a)  Labor  and  Expense,  Subways 

(b)  Labor  and  Expense,  Overhead  Conductors 

(c)  Labor  and  Expense,  Underground  Conductors 

(d)  Labor  and  Expense,  Telephone  System 

Maintenance 

681— Sub-Station  Buildings 
682— Sub- Station  Equipment 
683 — Underground  Conduits 
684 — Transmission  Lines 

(a)  Repairs — Overhead  Conductors 

(b)  Repairs — Pole  Lines 

(c)  Repairs — Underground  Conductors 

(d)  Repairs — Telephone  System 

STORAGE  BATTERY 

Operation 

687— Wages 

(a)  Superintendence 

(b)  Wages 
688 — Supplies 

Maintenance 

692— Batteries 
693 — Accessories 
694— Buildings 


15 

DISTRIBUTION 

Operation 

701— Wages 

(a)  Superintendence 

(b)  Wages 

702 — Supplies  and  Expense* 

(a)  Maps  and  Records 

(b)  Office  Expense 

(c)  Miscellaneous  Expense 
703 — Subway  Rental 

704 — Distribution  Lines 

(a)  Labor  and  Expense,  Subways 

(b)  Labor  and  Expense,  Overhead  Conductors 

(c)  Labor  and  Expense,  Underground  Conductors 
705 — Meters 

(a)  Salaries  and  Expense 

(b)  Testing 

(c)  Miscellaneous  Expense 

700 — Setting  and  Removing  Meters  and  Transformers 

(a)  Meters 

(b)  Transformers 

Maintenance 

710 — Underground  Conduits 
711 — Overhead  Lines 

(a)  Repairs — Conductors 

(b)  Repairs — Pole  Lines 
712 — Underground  Conductors 
713 — Service 

714 — Transformers 

715 — Meters 

716 — Buildings  and  Grounds 

UTILIZATION 
Operation 

721 — Commercial  Arc  Lamps 
722 — Incandescent  Lamps 

(a)  Installation 

(b)  Renewal 

723 — Inspection — Customers'  Premises 

724 — Customers'  Installation 

725 — Municipal  Street  Arc  Lamps 

726 — Municipal  Street  Incandescent  Lamps 

(a)  Installation 

(b)  Renewal 

Maintenance 

731 — Commercial  Arc  Lamps 

732 — Municipal  Arc  Lamps 

733 — Municipal  Incandescent  Lamps 


Hi 


COMMERCIAL  EXPENSE 

741 — Office  Salaries  and  Expense 

(a)  Salaries  and  Expense — Meter  Indexers 

(b)  Salaries  and  Expense — Accounting  Department 

(c)  Salaries  and  Expense — Collection  Bureau 

(d)  Salaries  and  Expense — Contract  Department 
742 — Office  Supplies  and  Expense 

NEW  BUSINESS 

747 — Salaries  and  Expense 

748 — Miscellaneous  Supplies  and  Expense 

749 — Soliciting 

(a)  Salaries — Canvassers 

(b)  Expense — Canvassers 
750 — Advertising 

(a)  Salaries  and  Expense 

(b)  Sundries 

751 — Wiring  and  Appliances 

(a)  Promotion  Wiring 

(b)  Promotion  Signs  and  Devices 

•  JEM-: UAL   KXI'KNSE 

701 — Salaries  ;m<l  Kxpenses  of  General  Officers 
702 — Salaries  and  Expense,  of  General  Ollice  Clerks 
ui)  Accounting  Department  Expense 

(b)  Purchasing  Depart  men  I    Ivxpense 

(c)  General  Service  Expense 

763 — Printing  and  Stationery-    General 
704 — General  Office  Expense 

(a)  Office  Sundries 

(b)  Postage,  Telephone,  Telegrams 
705 — Repairs  to  General  Office  Building 
700 — Expense — General 

707 — Law  Expense — General 
His  --Injuries  and  Damages 

(a  i    Claim  Department   Kxpense 

(In    Medical  Expense 

(c)  Injuries  to  Employees 

(d)  Injuries  to  Others 
709 — Insurance 

770 — Relief  Department  and  Pensions 
771 — Electric  Franchise  Requirements 
77o — Inventory  Adjustment 
774 — Duplicate  Electric  Charges     Credit 

(a)   Rebates  and  Allowances 
775 — Depreciation  Account 
770— Real  Estate  Rentals 
779— Taxes 
780— Uncollectible  Bills 


17 


NON-OPERATING  ACCOUNTS 

NON-OPERATING   REVENUES 

782 — Rent  from  Lease  of  Real  Estate  and  Buildings 
783 — Interest  and  Dividends  from  Investments 

(a)  Interest  from  Bond  and  Other  Investments 

(b)  Dividends  from  Stock  Investments 
784 — Steam  and  Heating  Department  Revenue 
785 — Miscellaneous  Non-Operating  Revenues 

NON-OPERATING  EXPENSES 

786— Steam  and  Heating  Department  Expenses 
787 — Other  Non-Operating  Expenses 

(a)  Rent  Expense 

(b)  Interest  Expense 

(c)  Dividend  Expense 

(d)  Non-Operating  Taxes 

(e)  Uncollectible  Non-Operating  Revenues 

(f)  Miscellaneous  Non-Operating  Expense 

DEDUCTIONS   FROM    INCOME 

788 — Interest  on  Funded  Debt 

789 — Interest  on  Unfunded  Debt 

790 — Extinguishment  of  Discount  on  Securities 

791 — Sinking  Fund  Accruals 

792 — Miscellaneous  Deductions  from  Income 

793 — Extinguishment  of  Premium  on  Debt- — Credit 


18 


APPROPRIATION  ACCOUNTS 

795 — Dividends  Declared 

796 — Miscellaneous  Appropriations 

(a)  Expense  Elsewhere  Unprovided  for 

(b)  Adjustments  of  Accounts  of  Previous  Years 


Definition  of  Accounts 


Detailed  Text  of  Accounts 


BALANCE  SHEET  ACCOUNTS 

ASSETS 

101-190— Plant  Investment 

All  tangible  and  intangible  property  having  a  life  of  more 
than  one  year  is  included  in  this  account. 

For  details  and  definitions  of  the  various  accounts  coming 
under  this  heading  see  pages  34  to  42  inclusive. 

Current  Assets 

This  is  a  broad  generalization  of  all  property  devoted  to  the 
purposes  of  the  business  other  than  plant  investment  and  these  are 
divided  under  separate  headings.  Owing  to  the  difference  in  char- 
acter of  the  items  they  should  be  separately  listed  on  the  balance 
sheet,  as  only  by  this  means  can  the  immediate  cash  status  of  the 
business  be  ascertained. 

201— Cash 

Charge  to  this  account  all  money  coming  into  the  possession 
of  the  corporation  and  in  which  the  corporation  has  the  beneficial 
interest.  This  includes  coin  of  the  United  States,  United  States 
treasury  notes,  gold  and  silver  certificates  and  greenbacks  and 
bank  bills  payable  to  bearer.  Also  charge  to  it  all  bank  credits, 
checks  and  drafts  receivable,  subject  to  satisfaction  or  transfer 
upon  demand  (whether  payable  to  bearer  or  to  order).  Credit 
this  account  with  all  cash  disbursements  of  the  corporation. 

202— Notes  Eeceivable 

Charge  to  this  account  the  cost  of  all  notes  receivable  (ex- 
cept as  below  provided)  which  are  the  property  of  the  corporation 
and  upon  which  solvent  concerns  and  individuals  are  liable  or 
which  are  sufficiently  secured  to  be  considered  good.  This  account 
includes  demand  notes,  drafts,  etc.,  issued  by  others  than  banks, 
and  time  notes,  drafts,  etc.,  by  whomever  issued.  This  account 
does  not  include  investments  (account  No.  226),  nor  does  it  in- 
clude interest  coupons. 

203 — Accounts  Keceivable 

Charge  to  this  account  all  amounts  owing  to  the  corporation 
upon  open  book  accounts  with  solvent  concerns  and  individuals 
(other  than  cash  deposited  in  banks)  ;  also  the  cost  of  all  accounts 


22 

and  claims  upon  which  responsibility  is  acknowledged  by  solvent 
concerns  or  which  are  sufficiently  secured  to  be  considered  good, 
and  of  all  judgments  against  solvent  concerns  where  the  judgment 
is  not  appealable  or  suspended  through  appeal.  This  account 
does  not  include  notes  receivable. 

204— Other  Quick  Assets 

Charge  to  this  account  the  cost  of  all  current  assets  of  the 
corporation  which  are  not  included  under  any  of  the  three  pre- 
ceding accounts. 

BUSINESS  -ASSETS 

205 — Materials  and  Supplies 

Charge  to  this  account  the  cost,  including  transportation,  of 
all  materials  and  supplies  purchased,  regardless  of  whether  the 
same  are  intended  to  be  consumed  in  construction  or  in  operation, 
or  later  to  be  sold.  Where  the  original  invoices  are  charged  to 
this  account  or  its  sub-accounts,  and  discounts  are  later  recovered 
for  prompt  payment,  such  discounts  shall  be  credited  to  the  ac- 
counts charged  by  the  original  invoice. 

When  any  materials  or  supplies,  the  cost  of  which  is  charged 
to  this  account,  are  issued  for  use,  the  net  cost  of  the  same  shall 
be  credited  to  this  account  and  debited  to  the  proper  construction 
or  operating  expense  account.  Inventories  of  materials  and  sup- 
plies shall  be  taken  periodically  and  any  shortage  or  overages 
disclosed  by  such  inventories  shall  be  credited  or  debited  to  this 
account,  and  debited  or  credited  to  the  account  "Inventory  Adjust- 
ments," in  case  they  cannot  be  assigned  to  specific  accounts. 

When  the  use  of  any  tangible  property  is  discontinued  it 
shall  be  treated  as  retired ;  the  original  cost  of  such  property  shall 
be  credited  to  the  plant  investment  account  in  which  it  is  carried, 
and  its  value,  if  any,  as  second  -hand  material  or  junk  shall  be 
charged  to  this  account.  If  such  value  is  not  known  and  cannot 
readily  be  determined,  it  shall  be  estimated,  and  errors  in  such 
estimates,  when  determined,  shall  be  adjusted  through  the  ac- 
counts involved  during  the  year  in  which  the  estimates  were  made ; 
if  later,  then  through  the  account  "Inventory  Adjustments." 

Sub-accounts  may  be  opened  to  this  account  for  the  different 
classes  of  materials  and  supplies. 


23 

206 — Prepaid  Accounts 

When  payments  are  made  in  advance  of  actual  accrual  thereof, 
the  amount  of  the  advance  payment  should  be  charged  to  this 
account,  or  appropriate  sub-accounts. 

206a — Prepaid  Insurance 

Charge  to  this  account  all  premiums  on  insurance  policies 
when  paid  in  advance  of  their  accrual,  regardless  of  whether  the 
amounts  so  prepaid  are  paid  in  cash  or  by  an  issue  of  notes  or 
other  negotiable  paper.  As  premiums  thus  prepaid  accrue,  credit 
to  this  account  at  regular  intervals  the  amount  applicable  to  the 
period  and  charge  same  to  the  appropriate  "Insurance"  account. 

206b— Prepaid  Taxes 

Charge  to  this  account  all  taxes  when  paid  in  advance  of  their 
accrual,  regardless  of  Avhether  the  amounts  so  prepaid  are  paid  in 
ca"sh  or  by  an  issue  of  notes  or  other  negotiable  paper.  As  taxes 
thus  prepaid  accrue,  credit  to  this  account  at  regular  intervals 
the  amount  applicable  to  the  period  and  charge  same  to  the  appro- 
priate "Taxes"  account. 

206c— Prepaid  Interest 

Charge  to  this  account  all  interest  when  paid  in  advance  of 
its  accrual,  on  any  obligations  of  the  utility.  As  the  interest  thus 
prepaid  accrues,  credit  to  this  account  at  regular  intervals  the 
amount  applicable  to  the  period  and  charge  same  to  the  appro- 
priate "Interest"  account. 

207 — Miscellaneous  Current  Assets 

Charge  to  this  account  the  cost  of  all  current  assets  of  the 
utility  not  included  under  any  of  the  preceding  current  assets  ac- 
counts. Property  readily  convertible  into  money  and  which  is 
being  held  with  the  intent  of  being  so  converted  into  money  will 
be  considered  as  a  current  asset  and  charged  to  this  account  when 
it  cannot  be  charged  to  one  of  the  preceding  accounts. 

OTHER   ASSETS 

226 — Investments 

By  investments,  as  here  used,  are  meant  all  properties  or 
securities  acquired  not  for  use  in  present  operations,  as  a  means 
of  obtaining  or  exercising  control  over  other  corporations,  or  for 
income  to  be  derived  from  them,  or  for  a  rise  in  value,  or  for 
devotion  to  future  operations  at  a  time  when  it  seems  probable 
that  they  cannot  be  so  advantageously  acquired  as  at  the  time 
of  actual  acquisition.  The  cost  of  the  corporation's  title  to  any 
property  or  securities  held  as  an  investment  for  other  than  the 
Sinking  Fund  should  be  charged  to  this  account. 


24 

227 — Reacquired  Securities 

When  securities,  whether  funded  debt  or  stocks,  have  been 
actually  issued  to  bona  fide  holders  for  value  (or  after  such  issue 
'by  another  corporation  has  been  assumed  by  the  accounting 
corporation),  and  after  such  issue  (or  assumption)  has  been 
acquired  by  the  corporation  under  circumstances  which  require 
that  they  should  not  be  treated  as  paid  or  retired,  they  should  be 
charged  at  their  cost  to  this  account. 

228 — Sinking  Funds — Invested 

To  this  account  should  be  charged  the  cost  of  live  securities 
in  the  hands  of  trustees  for  the  purpose  of  redeeming  outstanding 
obligations. 

229 — Sinking  Funds — Uninvested 

To  this  account  should  be  charged  the  amount  of  cash  set 
aside  for  investment  for  the  Sinking  Funds. 

230 — Special  Deposits 

By  Special  Deposits,  as  here  used,  are  meant  amounts  of 
money  and  bank  credits  in  Hie  hands  of  fiscal  or  other  agents  of 
the  corporation  for  the  payment  of  coupons,  dividends  or  other 
special  purposes. 

Charges  to  this  account  should  specify  the  purpose  for  which 
the  deposit  is  made-.  When  such  purposes  are  satisfied  this  ac- 
count should  be  credited  with  the  amount  specially  deposited  to 
provide  such  satisfaction. 

231 — Treasury  Securities 

Charge  to  this  account  the  par  value  of  all  stocks  and  bonds 
which  have  been  authorized  and  issued  by  the  corporation,  held 
by  the  treasurer  or  by  a  fiscal  agent  for  its  benefit,  but  which 
have  not  been  sold.  When  such  securities  are  sold  their  par  value 
should  be  credited  to  this  account. 

STSI'ENSE    ACCOUNTS 

251 — Debt  Discount  and  Expense 

When  funded  debt  securities  and  other  evidences  of  indebted- 
ness are  disposed  of  for  a  consideration  whose  cash  value  is  less 
than  the  sum  of  the  par  value  of  the  securities  or  other  evidences 
of  indebtedness  'and  of  the  interest  thereon  accrued  at  the  time 
the  transfer  takes  place  (if  it  is  not  proper  to  charge  the  difference 
to  "Plant  Investment"),  the  excess  of  such  sum  of  the  par  value 
and  accrued  interest  over  the  cash  value  of  the  consideration 
received  shall  be  charged  to  this  account. 

To  this  account  shall  also  be  charged  all  expense  connected 
with  the  issue  and  sale  of  evidences  of  debt,  such  as  fees  for  draft- 
ing mortgages  and  trust  deeds,  cost  of  engraving  and  printing 
bonds,  certificates  of  indebtedness  and  other  commercial  paper 


25 

having  a  life  of  more  than  one  year,  fees  paid  trustees  provided 
for  in  mortgages  and  trust  deeds,  fees  and  commissions  paid 
underwriters  and  brokers  for  marketing  such  evidences  of  debt 
and  other  like  expense.  At  or  before  the  close  of  each  fiscal 
period  thereafter,  a  proportion  of  such  discount  and  expense 
based  upon  the  life  of  the  security  to  maturity  shall  be  credited  to 
this  account  and  charged  to  Account  Unamortized  Debt  Discount 
and  Expense.  Such  discount  and  expense  may,  if  desired,  be  ex- 
tinguished more  rapidly  through  charges  of  all  or  any  part  of  it, 
either  at  the  time  of  issue  or  later,  to  the  year's  Profit  and  Loss 
Account. 

252 — Abandoned  Property 

To  this  account  may  be  charged  the  cost  of  property  aban- 
doned because  of  replacement  operations  or  destroyed  as  the 
result  of  an  extraordinary  casualty,  less  salvage  recovered,  the 
net  loss  on  such  abandoned  property  because  of  the  financial  con- 
dition of  the  company,  it  may  be  necessary  to  spread  over  a  series 
of  years. 

The  amount  so  charged  to  this  account  should  be  credited 
to  the  plant  investment  account  interested. 

253 — Jobbing  Accounts 

Charge  to  this  account  the  cost  of  labor  and  material  on  all 
work  in  progress  for  account  of  the  customers  of  the  company  or 
others.  This  account,  as  work  is  completed  and  charges  made, 
should  be  cleared  by  a  charge  through  accounts  receivable  and 
credited  to  this  account. 

254 — Clearance,  Equalization  or  Apportionment  Accounts 

These  accounts  are  designed  to  carry,  temporarily,  the  cost 
of  operating  such  facilities  as  garages,  stables,  storehouses,  etc., 
and  also  overhead  or  burden  costs  such  as  it  is  desirable  should 
be  spread  uniformly  over  the  construction  and  operating  trans- 
actions interested. 

The  charges  to  the  construction  and  operating  accounts  and 
the  contemporaneous  credits  to  these  accounts  should,  unless  there 
is  some  good  reason  to  the  contrary,  be  so  distributed  that  the 
costs  for  any  one  year  will  be  absorbed  by  the  transactions  occur- 
ring during  that  year. 

255 — Other  Suspense 

Charge  to  this  account  all  debits  not  elsewhere  provided  for 
and  concerning  which  the  final  disposition  thereof  is  uncertain. 

256 — Open  Accounts 

Charge  may  be  made  to  open  accounts  which  are  of  a  tem- 
porary nature,  and  which  are  held  subject  to  adjustment.  When 
proper  location  of  such  accounts  is  known,  this  account  should 
be  credited  and  charge  made  to  proper  account. 


2f> 


LIABILITIES 

Capital  Stock 

In  the  accounts  of  stocks  outstanding  a  separate  account 
shall  be  opened  for  each  class  of  stock  issued  and  no  two  stocks 
shall  be  considered  of  the  same  class  unless  they  are  equal  in 
their  interest  or  dividend  rates,  voting  rights  and  conditions 
under  which  they  may  be  retired,  if  the  right  to  retire  them  is 
contained  in  the  contract  of  issue.  The  characteristics  of  any 
class  of  stock  in  these  regards  shall  be  designated  in  the  title  of 
the  accounts  opened  to  cover  such  stocks  and  shall  be  clearly 
expressed  in  the  first  entries  to  such  account.  To  the  account 
for  any  class  of  stocks  shall  be  credited  when  issued  the  par 
value  of  the  amount  of  such  stock  issued.  If  such  issue  is  for 
money  that  fact  shall  be  stated,  and  if  for  any  other  consideration 
than  money  the  persons  to  whom  issued  shall  be  designated  and 
the  consideration  for  which  issued  shall  be  described  with  suffi- 
cient particularity  to  admit  of  identification ;  if  such  issue  is  to 
the  treasurer  or  other  fiscal  agent  of  the  corporation  or  if  by  him 
disposed  of  for  the  benefit  of  the  corporation  that  fact  and  the 
name  of  such  agent  shall  be  shown  and  such  agent  shall  in  his 
account  of  the  disposition  thereof  show  like  details  concerning 
the  consideration  realized  thereon,  which  account,  when  accepted 
by  the  corporation,  shall  be  preserved  as  a  corporate  record. 

301— Preferred  Stock 

305— Common  Stock 

311— Funded  Debt  or  Bonds 

The  funded  obligations  of  the  utility  shall  be  divided  into 
classes  according  to  their  characteristics,  as  to  the  security  for 
the  same,  the  rate  of  interest,  interest  dates,  and  date  of  their 
maturity.  A  separate  sub-account  shall  be  opened  for  each  such 
class  of  funded  indebtedness  and  no  accounts  or  debts  not 
agreeing  in  the  characteristics  mentioned  shall  be  included  in  the 
class  of  funded  indebtedness  and  no  accounts  or  debts  not  the 
same  sub-account.  The  titles  of  each  sub-account  shall  express 
the  characteristics  above  stated.  To  the  proper  sub-account  shall 
be  credited,  when  issued,  the  par  value  of  the  amount  of  the  evi- 
dences of  funded  indebtedness  issued.  The  entry  shall  show  not 
only  the  amount  issued  but  the  purpose  for  which  issued,  and 
shall  make  clear  and  intelligent  reference  to  the  corporate  records 
showing  all  details  connected  with  such  transactions.  If  the  con- 
siderations received  for  the  issue  is  anything  other  than  money, 
the  entries  shall  show  further  to  whom  issued  and  shall  describe 
with  sufficient  particularity  to  identify  it  the  actual  consideration 
received  for  it.  If  the  issue  is  to  the  agent  of  an  undisclosed 
principal,  the  name  and  business  address  of  such  agent  and  the 
fact  of  his  agency  shall  be  shown  in  the  entry. 


27 

315— Unfunded  Debt 

The  mortgage  obligations  of  the  utility  shall  be  divided  into 
classes  according  to  their  characteristics,  as  to  the  security  for 
the  issue,  the  rate  of  interest,  interest  dates,  and  the  date  of 
maturity.  A  separate  sub-account  shall  be  opened  for  each  mort- 
gage. The  title  of  each  such  sub-account  shall  express  the  char- 
acteristics above  stated.  To  the  proper  sub-account  shall  be 
credited,  when  issued,  the  total  receipts  from  the  sale  of  evidences 
of  indebtedness  secured  by  the  mortgage.  The  entries  shall  show 
the  amount  of  the  mortgage  debts,  the  purpose  for  which  such  debt 
was  incurred  and  shall  show  by  intelligent  reference  all  the 
details  connected  with  such  transactions.  If  the  consideration 
received  for  the  indebtedness  is  anything  other  than  money  the 
entry  shall  show  the  person  to  whom  issued  and  shall  describe 
with  sufficient  particularity  to  identify  it  the  actual  consideration 
received.  If  the  indebtedness  is  to  an  agent  of  an  undisclosed 
principal,  the  name  and  business  address  of  such  agent  and  the 
fact  of  his  agency,  shall  be  stated  in  the  entry. 

320— Other  Mortgages  or  Funded  Debt 

This  account  shall  be  raised  to  show  all  .mortgage  indebted- 
ness and  transactions  pertaining  thereto  in  regard  to  mortgages 
other  than  real  estate  mortgages  as  denned  in  the  preceding  ac- 
count Unfunded  Debt. 


CURRENT    LIABILITIES 

321— Notes  and  Bills  Payable 

When  any  note,  draft  or  other  bill  payable,  which  matures 
not  later  than  one  year  after  date  of  issuance  or  of  demand  or 
assumption  by  the  utility  of  primary  liability  thereon,  is  issued 
or  assumed,  the  par  value  thereof  shall  be  credited- to  this  account 
and  when  it  is  paid  it  shall  be  charged  to  this  account  and  credited 
to  Cash  or  other  appropriate  account. 

322 — Accounts  Payable 

Credit  this  account,  when  incurred,  with  all  liabilities  of  the 
utility  upon  open  accounts  not  includible  in  any  of  the  other  cur- 
rent liabilities  accounts. 

323 — Matured  Interest  on  Funded  Debt  Unpaid 

When  interest  owing  by  the  electric  utility  upon  any  of  its 
funded  indebtedness  matures  and  is  unpaid,  whether  the  cause 
of  failure  is  on  the  part  of  the  coupon  holder  to  present  coupons 
for  payment  or  for  other  reasons,  it  shall  be  credited  to  this  ac- 
count and  charged  to  the  account  Unmatured  Interest  on  Funded 
Debt  Accrued  to  which  it  had  heretofore  been  credited* 


L'S 

324 — Matured  Interest  on  Notes  and  Bills  Payable,  Unpaid 

When  interest  owing  by  the  utility  upon  any  of  its  notes  and 
bills  payable  matures  and  is  unpaid,  whether  the  cause  of  failure 
is  on  the  part  of  the  holder  of  the  paper  to  present  it  for  payment 
of  for  other  reasons,  it  shall  be  credited  to  this  account  and 
charged  to  the  account  Unmatured  Interest  on  Notes  and  Bills 
Payable  Accrued  to  which  it  had  heretofore  been  credited. 

325 — Dividends  Unpaid 

When  dividends  declared  by  the  corporation  become  payable 
they  shall  be  credited  to  this  account  and  charged  to  the  account 
Dividends. 

:;:{()— Deposits 

Credit  to  this  account,  as  such  deposits  are  made,  all  cash 
deposited  with  the  utility  by  consumers  as  security  for  the  pay- 
ment of  electric  bills.  Deposits  refunded  shall  be  charged  to  this 
account  and  credited  to  Cash.  Deposits  applicable  to  uncollectible 
electric  bills  shall,  at  the  close  of  the  fiscal  year  or  earlier,  at  the 
option  of  the  accounting  utility,  be  credited  to  the  account  of  the 
consumer  involved  and  debited  to  this  account.  Deposits  made 
by  employes  or  others  shall  also  be-  credited  to  this  account. 
Detailed  records  of  deposits  as  between  customers  and  employes 
will  be  required  by  the  Commission. 

331 — Sundry  Current  Liabilities 

Credit  to  this  account  at  their  face  value  all  unfunded  obliga- 
tions upon  which  the  utility  is  liable  and  which  are  not  elsewhere 
provided  for. 

ACCR!  KI>  LIA15IUTIKS 

341 — Unmatured  Interest  on  Funded  Debt  Accrued 

To  this  account  shall  be  credited  at  the  close  of  each  month 
all  unmatured  interest  accrued  during  the  month  upon  the  funded 
indebtedness  of  the  utility.  When  such  interest  matures  it  shall 
be  charged  to  this  account  and  credited  to  the  account  Matured 
Interest  on  Funded  Debt  Unpaid.  When  paid,  the  interest  shall 
be  charged  to  the  account  Matured  Interest  on  Funded  Debt  Un- 
paid and  credited  to  Cash  or  to  the  coupon  deposit  account. 

342 — Unmatured  Interest  on  Notes  and  Bills  Payable,  Accrued 

To  this  account  shall  be  credited  at  the  close  of  each  month 
all  unmatured  interest  accrued  during  the  month  upon  all  notes 
and  bills  payable  by  the  utility.  When  such  interest  matures  it 
shall  be  charged  to  this  account  and  credited  to  the  account  Ma- 
tured Interest  on  Notes  and  Bills  Payable,  Unpaid.  When  the 
interest  is  paid,  it  shall  be  charged  to  the  account  Matured  In- 
terest on  Notes  and  Bills  Payable,  Unpaid,  and  credited  to  Cash 
or  other  appropriate  account. 


29 

343 — Taxes  Accrued 

To  this  account  shall  be  credited  at  the  close  of  each  month 
all  taxes  accrued  during  the  month  and  corresponding  charges 
shall  be  made  to  the  Taxes  account.  Credits  to  the  account 
Taxes  Accrued  will  be  based  upon  estimates  until  the  amount  of 
the  taxes  levied  for  the  period  is  definitely  ascertained.  Such  esti- 
mates shall  be  made  upon  the  best  data  available,  and  as  soon  as 
the  amount  of  taxes  for  the  period  is  known,  the  account  involved 
shall  be  adjusted  to  conform.  When  any  taxes  become  due  they 
shall  be  charged  to  this  account. 

344 — Insurance  Accrued 

Credit  to  this  account  at  the  close  of  each  month  the  insur- 
ance accrued  during  the  period  in  question,  as  determined  by  the 
policies  of  all  insurance  covering  the  property  of  the,  utility. 
When  such  premiums  are  paid  they  shall  be  charged  to  this  ac- 
count and  credited  to  Cash  or  other  appropriate  accounts. 

The  amount  set  aside  as  an  insurance  reserve  by  the  utility 
carrying  its  own  insurance  either  in  whole  or  in  part  shall  be 
charged  to  this  account. 

345 — Dividends  Accrued 

To  this  account  may  be  credited  at  the  close  of  each  month 
the  amount  of  dividends  accrued  on  preferred  and  common  stock 
during  such  period  at  the  rates  of  dividend  payments  established 
by  the  corporation.  When  such  dividends  become  payable  they 
shall  be  charged  to  this  account  and  credited  to  the  account  Divi- 
dends Unpaid,  in  which  account  they  shall  remain  until  paid, 
when  such  amount  shall  be  charged  to  Dividends  Unpaid,  making 
a  corresponding  credit  to  Cash  or  other  appropriate  account. 

346— Sundry  Liabilities  Accrued 

To  this  account  shall  be  credited  at  the  end  of  each  month  as 
it  is  accrued,  any  other  unfunded  obligation  of  the  utility  not  pro- 
vided for  in  any  of  the  preceding  accrued  liability  accounts,  mak- 
ing a  corresponding  charge  to  operating  expenses  or  other  ex- 
pense account. 

351 — Depreciation  Reserve 

To  this  account  shall  be  credited  monthly,  or  as  they  are 
made,  all  charges  to  the  Depreciation  Account  (hereinbefore  de- 
scribed), the  income  from  the  investment  of  any  money  or  from 
any  security  belonging  to  the  Depreciation  Reserve,  and  any 
other  appropriations  which  may  have  been  made  to  it. 

When  through  wear  and  tear  in  service,  casualty,  inad- 
equacy, supersession  or  obsolesence,  any  building,  structure,  facil- 
ity or  unit  of  equipment  originally  charged  to  capital  is  no  longer 


30 

economically  reparable,  and  in  order  to  keep  the  productive 
capacity  of  the  plant  up  to  its  original  or  equivalent  state  of 
efficiency  it  is  necessary  to  make  a  complete  replacement  of  such 
building,  structure  or  unit  of  equipment,  the  money  cost  of  the 
original  unit  replaced  and  charged  to  capital  (estimated  if  not 
known,  and  if  estimated  the  basis  thereof  shall  be  shown  in  the 
record  entry)  shall  be  charged  to  the  Depreciation  Reserve,  and 
the  excess  cost  of  the  substituted  unit  over  such  original  unit 
shall  be  charged  to  the  appropriate  capital  account. 

When  any  building,  structure,  facility  or  unit  of  equipment 
originally  charged  to  capital  is  retired  from  service  and  not 
replaced  by  any  other  unit  of  similar  nature  or  equivalent  thereto, 
the  original  money  cost  thereof  (estimated  if  not  known,  and  if 
estimated  the  basis  thereof  shall  be  shown  in  the  record  entry) 
shall  be  charged  to  this  account  and  such  amount  originally 
entered-  or  contained  in  the  charges  to  capital  in  respect  to  such 
unit  so  being  retired  shall  be  credited  to  the  capital  account  to 
which  it  was  originally  charged,  and  any  adjustments  necessary 
made  through  the  Surplus  Account. 

The  salvage  or  scrap  value  of  any  unit  of  equipment  retired 
from  service  or  replaced  by  any  other  unit  will  be  credited  to  this 
account. 

Any  analysis  of  the  charges  and  credits  to  this  reserve  will 
be  called  for  in  the  annual  report  to  the  Commission. 

352 — Amori  ization  Reserve 

This  account  shall  be  raised  to  provide  1'or  the  amortization 
of  intangible  capital  in  service.  To  it  shall  be  credited  monthly, 
or  as  they  are  made,  all  the  amounts  charged  from  time  to  time 
through  operating  expenses  to  the  account  Amortization  Reserve 
Requirements,  which  account  is  to  be  set  up  where  the  nature 
of  the  capital  occasions  the  setting  up  this  reserve.  Such  reserve 
shall  also  be  credited  with  all  accumulations  resulting  from  the 
investment  of  any  moneys  or  the  interest  or  dividends  from  any 
securities  belonging  to  it. 

For  example,  a  corporation  pays  $100,000  for  a  twenty-year 
franchise  to  operate  a  public  utility.  In  order  that  this  amount 
shall  be  set  aside  out  of  revenue  and  the  actual  capital  of  the 
corporation  not  impaired  by  dividends  paid,  there  shall  be  charged 
monthly  to  the  account  Amortization  Reserve  Requirements,  cred- 
iting the  Amortization  Reserve,  an  amount  which,  invested  at 
current  rates  of  interest,  will  at  the  end  of  the  franchise  term 
have  created  an  amount  equivalent  to  the  cost  of  the  franchise. 

An  analysis  of  the  charges  and  credits  to  this  reserve  will 
be  called  for  in  the  annual  report  to  the  Commission. 


31 

353 — Unamortized  Premium  on  Debt 

When  funded  debt  securities  or  other  evidences  of  indebted- 
ness are  disposed  of  for  a  consideration  whose  cash  value  is 
greater  than  the  sum  of  the  par  value  of  such  securities  or  other 
evidences  of  indebtedness  and  the  interest  thereon  accrued  at 
the  time  the  transfer  takes  place,  the  excess  of  the  cash  value 
of  such  consideration  received  over  the  sum  of  the  par  value  of 
the  securities  or  other  evidences  of  indebtedness  and  the  accrued 
interest  shall  be  credited  to  this  account.  At  monthly  intervals 
thereafter  a  proportion  of  such  premium  based  upon  the  life  of 
the  security  or  other  evidence  of  indebtedness  to  maturity  shall 
be  charged  to  this  account  and  credited  to  "Amortization  of 
Premium  on  Debt"  in  "Income"  account;  or  at  the  option  of  the 
corporation  the  charge  to  this  account  may  be  delayed  to  a  time 
not  later  than  the  date  of  maturity  of  the  debt,  in  which  case  the 
proportion  applicable  to  the  period  covered  by  the  then  current 
income  account  shall  be  credited  to  the  account  "Amortization 
of  Premium  on  Debt,"  and  the  remainder  of  the  credit  shall  be 
to  the  account  "Other  Additions  to  Surplus." 

354 — Sinking  Fund  Reserves 

Sinking  fund  reserves  shall  be  maintained  whenever  they  are 
required  in  pursuance  of  the  provisions  of  mortgage  deeds,  deeds 
of  trust,  contracts  or  provisions  of  the  law.  A  separate  Sinking 
Fund  Reserve  shall  be  maintained  for  each  contractual  require- 
ment, to  which  reserve  shall  be  credited  any  appropriation  made 
in  pursuance  of  the  terms  of  the  respective  mortgage  and  trust 
deeds,  contracts,  etc.,  and  charged  to  the  account  Contractual 
Sinking  Fund  Requirements  arid  also  accumulations  resulting 
from  any  security  belonging  to  such  particular  reserve.  The  title 
of  each  reserve  shall  clearly  indicate  the  purpose  for  which  it  is 
being  maintained. 

Any  analysis  of  the  charges  and  credits  to  this  reserve  will 
be  called  for  in  the  annual  report  to  the  Commission. 

355 — Other  Permanent  Reserves 

Credit  to  this  account  all  reserves  not  heretofore  provided 
for  which  are  to  remain  intact  during  the  life  of  the  company. 

Sub-accounts  may  be  created  for  each  particular  reserve  and 
so  designated  by  title. 

356 — Temporary  Operating  Reserves 

Credit  to  this  account  all  temporary  reserve  not  hereinbefore 
provided  for. 

Sub-accounts  may  be  used  under  this  classification  to  further 
refine  any  reserve  which  is  desired  to  be  taken  care  of  for  oper- 
ating expenses. 


32 

357 — Unamortized  Debt  and  Expense 

When  funded  debt  securities  and  other  evidences  of  indebted- 
ness are  disposed  of  for  a  consideration  whose  cash  value  is  less 
than  the  sum  of  the  par  value  of  the  securities  or  other  evidences 
of  indebtedness  and  the  interest  thereon  accrued  at  the  time  the 
transfer  takes  place,  the  excess  of  such  sum  of  the  par  value  and 
accrued  interest  over  the  cash  value  of  the  consideration  received 
shall  be  charged  to  this  account.  To  this  account  shall  also  be 
charged  all  expense  connected  with  the  issue  and  sale  of  evi- 
dences of  debt,  such  as  fees  for  drafting  mortgages  and  trust 
deeds,  fees  and  taxes  for  recording  mortgages  and  trust  deeds, 
cost  of  engraving  and  printing  bonds,  certificates  of  indebtedness, 
and  other  commercial  paper  having  a  life  of  more  than  one  year, 
fees  paid  trustees  provided  for  in  mortgages  and  trust  deeds, 
fees  and  commissions  paid  underwriters  and  brokers  for  market- 
ing such  evidences  of  debt,  and  other  like  expense.  At  or  before 
the  close  of  each  fiscal  period  thereafter,  a  proportion  of  such 
discount  and  expense  based  upon  the  life  of  the  security  to 
maturity  shall  be  credited  to  this  account  and  charged  to  ac- 
count "Amortization  of  Debt  Discount  and  Expense."  Such  dis- 
count and  expense  may,  if  desired,  be  amortized  more  rapidly 
through  charges  of  all  or  any  part  of  it,  either  at  the  time  of 
issue  or  later,  to  the  account  "Other  Deductions  from  Surplus." 

358 — Maintenance  Reserve 

This  reserve  may  be  raised  by  those  electric  utilities  which 
operate  equipment,  the  repairs  to  which  are  occasioned  only  at 
remote  intervals  and  are  then  so  considerable  in  amount  as  to 
cause  wide  fluctuations  in  the  operating  expenses  for  the  division 
of  operation  or  group  of  expenses  of  which  the  maintenance 
account  in  question  is  a  part. 

359 — Uncollectible  Accounts  Reserve 

Credit  this  account  every  month  with  the  charge  made  to 
the  account  Uncollectible  Accounts  (Reserve  Charge)  as  explained 
in  connection  therewith.  When  any  account  for  electric  service, 
upon  which  any  debtor  is  liable  to  the  utility,  becomes  impossible 
of  collection  because  of  the  removal  of  the  debtor  beyond  the 
jurisdiction  of  the  state,  the  operation  of  the  Statute  of  Limita- 
tions, discharge  in  bankruptcy,  or  for  any  other  good  and  suffi- 
cient reason  after  diligent  effort  to  collect  the  same  has  been 
made,  such  account  may  be  charged  to  this  account  and  credited 
to  Accounts  Receivable,  to  which  it  was  originally  charged. 

All  accounts  which  have  been  charged  off  as  uncollectible, 
but  which  are  afterwards  collected,  shall  be  credited  to  this 
reserve. 

An  analysis  of  the  charges  and  credits  to  this  reserve  will 
be  called  for  in  the  annual  report  to  the  Commission. 


33 


Premium  on  Capital  Stock 

If  a  premium  is  realized  on  any  issue  of  stock  such  premium 
should  be  credited  to  the  sub-account  for  each  class  of  stock. 

The  excess  of  the  actual  money  value  of  the  consideration 
obtained  over  the  par  value  of  the  stock  should  be  considered  the 
premium  realized. 

PROFIT  AND  LOSS 

400— Profit  and  Loss 

This  account  is  the  connecting  link  between  the  Income 
Account  and  the  Balance  Sheet.  In  it  are  summarized  the  losses 
or  gains  of  a  corporation  during  a  given  fiscal  period  resulting 
from  the  business  transactions  during  that  period,  as  well  as 
those  affected  by  any  disposition  of  net  profits  made  solely  at 
the  option  of  the  corporation,  by  accounting  adjustments  not 
properly  attributable  to  the  period  or  by  miscellaneous  losses  or 
gains  not  provided  for  elsewhere.  At  the  end  of  each  fiscal  period 
the  net  balances  as  shown  by  the  Income  Account  and  each 
Appropriation  Account  should  be  closed  into  this  (Profit  and 
Loss)  account. 


34 


PLANT  INVESTMENT 

101-190 

All  tangible  and  intangible  property  having  a  life  in  service 
of  more  than  one  year  is  included  in  Plant  Investment.  In- 
tangible property  consists  of  Organization  expenses,  franchises, 
rights  and  licenses,  etc.  Tangible  property  includes  land,  build- 
ings, equipment,  etc. 

INTANGIBLE 

1 01 — Organization 

Charge  to  this  account  all  fees  paid  to  governments  for  the 
privilege  of  incorporation,  and  all  office  and  other  expenditure 
incident  to  organizing  the  corporation  or  other  enterprise  and 
putting  it  in  readiness  to  do  business.  This  includes  cost  of 
preparing  and  distributing  prospectuses,  cost  of  soliciting  sub- 
scriptions for  stock  (but  not  for  loans  nor  for  the  purchase  of 
bonds  or  other  evidence  of  indebtedness),  cash  fees  paid  to  pro- 
moters, and  the  actual  cash  value  at  the  time  of  organization  of 
securities  paid  to  promoters  for  their  services  in  organizing  the 
enterprise,  counsel  fees,  cost  of  preparing  and  issuing  certificates 
of  stock,  and  cost  of  procuring  certificates  of  necessity  from  state 
authorities,  and  other  like  costs.  Like  costs  incident  to  preparing 
and  filing  certificates  of  authorization  of  increase  of  capital  stock, 
and  to  the  negotiation  and  issue  of  stock  thereunder,  shall  be 
classed  as  addition.  Cost  of  preparing  and  filing  certificates  of 
amendment  of  articles  of  incorporation  shall  be  classed  as  a  bet- 
terment. Cost  of  preparing  and  filing  papers  in  connection  with 
the  extension  of  the  term  of  incorporation  or  with  reincorporation 
consequent  upon  reorganization  shall  be  classed  as  a  renewal. 
This  account  shall  not  include  any  discounts  upon  stocks  or  other 
securities  issued,  nor  shall  it  include  any  costs  incident  to  nego- 
tiating loans  or  selling  bonds  or  other  evidence  of  indebtedness. 

102 — Franchises  (Electric) 

To  this  account  shall  be  charged  "the  amount  (exclusive  of 
any  tax  or  annual  charge)  actually  paid  to  the  State  or  to  a 
political  subdivision  thereof  as  the  consideration  for  the  grant 
of  such  franchise  or  right"  (section  G9  of  the  Public  Service  Com- 
mission Law)  as  is  necessary  to  the  conduct  of  the  corporation's 
electric  operations.  If  any  such  franchise  is  acquired  by  mesne 
assignment,  the  charge  to  this  account  in  respect  thereof  must 
not  exceed  the  amount  actually  paid  therefor  by  the  corporation 
to  its  assignor,  nor  shall  it  exceed  the  amount  specified  in  the 
statute  above  quoted.  Any  excess  of  the  amount  actually  paid 
by  the  corporation  over  the  amount  specified  in  the  statute  shall 


be  charged  to  the  account  "Other  Intangible  Electric  Capital."  If 
any  such  franchise  has  a  life  of  not  more  than  one  year  after  the 
date  when  it  is  placed  in  service,  it  shall  not  be  charged  to  this 
account,  but  to  the  appropriate  accounts  in  "Operating  Ex- 
penses," and  in  "Prepayments"  if  extended  beyond  the  fiscal  year. 
Payments  made  to  the  Slate  or  to  some  subdivision  thereof 
as  a  consideration  for  granting  an  extension  for  more  than  one 
year  of  the  life  period  of  a  franchise  shall  be  classed  as  renewals. 
Those  made  as  a  consideration  for  franchises  or  extensions  thereof 
covering  additional  territory  to  be  operated  as  a  part  of  an  exist- 
ing system  shall  be  classed  as  betterments.  If  the  franchises 
cover  separate  and  distinct  new  enterprises,  the  payments  there- 
for shall  be  classed  as  original. 

NOTE. — Annual  or  more  frequent  payments  in  respect  of  franchises 
must  not  be  charged  to  this  account,  but  to  the  appropriate  tax  or  operating 
expense  account. 

1  (K> — Royalties,  Licenses 

Charge  to  this  account  the  cost  of  royalties  or  licenses  paid 
to  licensors  and  payments  to  city,  town  or  State  (exclusive  of 
taxes)  for  franchises. 

104— Other  Intangible  Electric  Capital 

Charge  to  this  account  the  cost  of  all  other  property  coming 
within  the  definition  of  intangible  capital  and  devoted  to  electric 
operations.  All  entries  of  charges  to  this  account  shall  describe 
the  acquired  property  with  sufficient  particularity  clearly  to 
identify  it,  and  shall  also  show  specifically  the  principal  from 
whom  acquired  and  all  agents  representing  such  principal  in  the 
transaction;  also  the  term  of  life  of  such  property,  estimated  if 
not  known,  and  if  estimated,  the  facts  upon  which  the  estimate  is 
based. 

TANGIBLE  PROPERTY 

105 — Land  Devoted  to  Electric  Operations 

Charge  to  this  account  the  cost  of  the  accounting  corpora 
tion'-s  landed  capital  which  is  devoted  to  electric  operations  as 
hereinbefore  defined.  This  includes  land  occupied  by  generating 
stations  and  their,  appurtenances,  rights  of  way  for  transmission 
and  distribution  lines  and  other  electric  operations;  also  those 
for  canal  and  pipe  lines,  water  rights,  and  rights  of  pondage, 
fiowage,  and  submersion,  where  such  rights  have  lives  in  excess 
of  one  year  from  the  date  when  such  land  is  placed  in  service. 
Such  cost  includes,  when  assumed  or  paid  by  the  purchaser  in 
its  own  behalf,  cost  of  registration  of  title,  cost  of  examination 
of  title,  conveyancer's  and  notary's  fees,  purchasing  agent's  com- 
missions or  fees,  or  proportion  of  purchasing  agent's  salary,  taxes 


36 

accrued  to  date  of  transfer  of  title,  and  all  liens  upon  the  title 
acquired;  also  costs  of  obtaining  consents  and  payments  for 
abutting  damages. 

NOTE  A. — Cost  of  buildings  and  other  improvements  must  not  be 
included  in  this  account. 

NOTE  B. — If  at  the  time  of  acquisition  of  an  interest  in  lands  it  extends 
to  buildings  or  other  improvements  thereon,  which  improvements  are 
devoted  by  the  corporation  to  its  electric  operations,  and  the  contract  of 
acquisition  does  not  determine  the  price  of  such  improvements,  they  shall 
be  appraised  at  their  fair  cash  value  for  use  in  such  operations,  and  such 
appraised  value  shall  be  charged  to  the  appropriate  structures  account 
and  excluded  from  the  account  "Land  Devoted  to  Electric  Operations." 
If  such  improvements  are  not  deyoted  to  electric  operations,  but  are 
devoted  to  other  operations  or  held  as  investments,  the  cost  (or  appraised 
value  if  the  cost  is  not  determined  in  the  contract  of  acquisition)  shall 
be  charged  to  the  appropriate  investment  account  or  capital  account  for 
other  operations.  If  the  improvements  are  removed  or  wrecked,  the  salvage 
(less  the  cost  of  removal  or  wreckage)  shall  be  excluded  from  the  account 
"Land  Devoted  to  Electric  Operations."  The  entries  in  this  account  must 
be  made  in  such  wise  as  to  enable  the  corporation  to  show  in  its  annual 
report  to  the  Public  Utilities  Commission  the  subdivision  of  the  cost  of  its 
land  devoted  to  electric  operations  into  the  following: 

Land  Occupied  by  Generating  Stations. 

Land  Occupied  by  Outside  Sub-stations. 

Water  Rights. 

Right  of  Way. 

Other  Land  Devoted  to  Electric  Operations. 

100 — Buildings,  Fixtures  and  Structures 

Charge  to  this  account  the  cost  of  all  buildings  and  other 
structures  of  a  permanent  character  devoted  to  general  corporate 
purposes,  not  restricted  to  electric  operations  and  not  includible 
in  any  of  the  departmental  accounts;  also  of  all  fixtures  perma- 
nently attached  thereto  and  made  a  part  thereof,  such  as  water 
pipes  and  fixtures,  steam  pipes  and  fixtures  for  warming  and 
ventilating,  gas  pipes  and  fixtures  for  lighting,  etc.,  electric  wiring 
and  fixtures  for  lighting,  signaling,  etc.;  elevators,  etc.,  and  the 
engines  and  motors  specially  provided  for  operating  them;  fur- 
naces, boilers,  etc.,  specially  provided  for  producing  steam  for 
such  engines  and  for  heating,  electric  generators  specially  pro- 
vided for  producing  current  for  lighting  such  buildings,  etc.  This 
account  includes  such  piers  and  other  foundations  for  machinery 
and  apparatus  as  are  designed  to  be  as  permanent  as  the  buildings 
in  (or  in  connection  with)  which  they  are  constructed,  and  to 
outlast  the  first  machinery  or  apparatus  mounted  thereon. 

NOTE  A. — Among  such  buildings  may  be  mentioned  general  office 
buildings,  general  shop  buildings,  general  storehouses,  general  stable  build- 
ings, etc.  This  account  is  provided  for  structures  of  a  general  or  miscel- 
laneous character  not  assignable  to  any  particular  department. 

NOTE  B. — When  furnaces  and  boilers  are  used  primarily  for  furnishing 
steam  for  some  particular  department  and  only  incidentally  for  furnishing 
steam  for  heating  a  general  building  and  operating  the  equipment  therein, 
the  entire  cost  of  such  furnaces  and  boilers  shall  be  charged  to  the  appro- 
priate departmental  capital  account,  and  no  part  to  the  account  "General 
Structures." 


37 


POWER  PLANT  EQUIPMENT 

Accounts  shall  be  opened  as  indicated  below,  to  which  shall 
be  charged  the  cost  of  all  equipment  and  apparatus  used  in  the 
generation  of  electric  energy,  up  to  and  including  the  station 
switchboard.  It  is  designed  that  the  cost  of  all  apparatus  and 
equipment  shall  be  so  charged  and  classified  that  the  cost  of  all 
apparatus  used  in  connection  with  the  generation  of  electric 
energy  by  any  particular  motive  power  will  be  shown  in  the 
account  covering  such  power  plant  equipment. 

The  following  accounts  will  be  raised : 

107 — Steam  Power  Plant  Equipment 

Charge  this  account  with  the  cost  of  all  steam  engines  and 
turbines  devoted  to  the  production  of  electric  energy,  which  shall 
be  considered  to  include  steam  prime  mover  accessories  as  the 
throttle  valve  and  the  governor,  also  condensers,  air  and  cir- 
culating pumps  and  lubricating  systems.  Charge  also  with  the 
cost  of  all  electric  generating  apparatus  driven  by  steam  prime 
movers  together  with  rotaries  and  motor-generator  sets,  exciters, 
etc.,  when  not  installed  in  connection  with  the  transmission  sys- 
tem. This  includes  the  specially  provided  foundations  and  set- 
tings of  such  apparatus.  Charge  also  with  all  accessory  and 
auxiliary  equipment  in  the  steam  power  generating  station,  in- 
cluding belts  and  other  transmission  equipment,  line  and  counter 
shafting,  pulleys,  bus-bars,  regulators,  station  switchboards  and 
equipment  such  as  circuit  breakers,  switches,  meters  and  their 
settings,  together  with  special  high  tension  current  transformers, 
high  tension  lightning  arresters,  high  tension  potential  trans- 
formers, high  tension  reactive  coils,  high  tension  choke  coils,  high 
tension  grounding  devices  and  resistances,  high  tension  step-up 
and  step-down  transformers. 

108 — Gas  Power  Plant  Equipment 

Charge  this  account  with  the  cost  of  all  gas  engines  and 
turbines  devoted  to  the  generation  of  electric  energy,  including 
their  foundations  and  settings,  together  with  such  gas  prime 
mover  accessories  as  the  inlet  valve,  governor  and  igniting  and 
starting  apparatus.  Charge  also  to  this  account  the  cost  of  all 
electric  generating  apparatus  driven  by  gas  power  and  rotaries 
and  motor-generator  sets,  exciters,  etc.,  when  not  installed  in  con- 
nection with  transmission  systems.  This  includes  specially  pro- 
vided foundations  and  settings.  Charge  also  with  the  cost  of  all 
electric  equipment  of  the  gas  power  generating  station  embracing 
bus-bars,  regulators,  station  switchboards  and  equipment  as  cir- 
cuit breakers,  switches,  meters  and  settings  and  special  high  ten- 
sion transmission  equipment  at  such  power  station,  as  high  ten- 
sion bus-bars,  high  tension  switchboards,  high  tension  switches, 


38 

high  tension  transformers,  high  tension  lightning  arresters,  high 
tension  potential  transformers,  high  tension  reactive  coils,  high 
tension  choke  coils,  high  tension  grounding  devices  and  resist- 
ances and  high  tension  step-up  and  step-down  transformers.  Belts, 
shafting,  pulleys  and  other  power  transmission  equipment  in  the 
gas  power  plant  will  be  charged  to  this  account. 

109 — Hydraulic  Power  Works  Equipment 

Charge  to  this  account  the  cost  of  all  dams,  canals  and  flumes 
devoted  to  the  production  of  hydraulic  power  and  the  delivery  of 
water  to  the  head-gate  of  the  water  wheels  or  turbines.  Also 
charge  with  the  cost  of  wasteways  from  the  outlet  of  the  draft 
tube  to  the  point  of  final  discharge,  including  the  cosl  of  all  gates, 
valves  and  other  accessories,  wasteways,  sluices,  forebays,  etc.,  in 
the  development  of  hydraulic  power  and  all  accessory  canals  and 
aqueducts. 

110 — Hydraulic  Power  Plant   Equipment 

Charge  this  account  with  the  cost  of  all  water  wheels  and 
turbines  devoted  to  the  generation  of  electric  energy,  including 
foundations  and  settings  of  such  hydraulic  equipment,  their  gov- 
ernors and  all  apparatus  appurtenant  thereto  from  the  head-gates 
and  governors  to  the  wasteways.  Charge  also  with  the  cost  of  all 
electric  generating  apparatus  driven  by  hydraulic  power  and 
votaries  and  motor-generator  sets,  exciters,  etc.,  when  not  in- 
stalled in  connection  with  transmission  systems,  together  with 
their  specially  provided  foundations  and  settings.  Also  charge 
this  account  with  the  cost  of  all  electric  equipment  of  the  power- 
plant  embracing  bus-bars,  regulators,  station  switchboards  and 
equipment  as  circuit  breakers,  switches,  meters  and  their  settings, 
head-gates,  motors  and  other  electric  apparatus  and  special  hi«1i 
tension  transmission  equipment  at  the  power  plant,  such  as  high 
tension  bus-bars,  high  tension  switchboards,  high  tension  switches, 
high  tension  transformers,  high  tension  lightning  arresters,  high 
tension  potential  transformers,  high  tension  reactive  coils,  high 
tension  choke  coils,  high  tension  grounding  devices  and  resist- 
ances and  high  tension  step-up  and  step-down  transformers. 
Belts,  pulleys,  shafting  and  other  power  transmission  apparatus 
in  the  hydraulic  power  plant  will  be  charged  to  this  account. 

Ill — Boiler  Plant  Equipment 

Charge  to  this  account  the  cost  of  all  equipment  devoted  to 
the  generation  of  steam.  Charge  with  the  cost  of  furnaces,  boilers, 
their  foundations  and  settings,  boiler  fittings,  iron  and  steel 
smokestacks,  feed  pump,  water  feed  pipe,  injectors,  economizers, 
water  heaters,  superheaters,  valves,  flues,  steam  pipes  from  the 
boilers  to  the  engine  throttle  valves,  steam  exhaust  system,  boiler 
water  purification  equipment  mechanical  stokers,  cranes,  coal  and 


39 

ash  conveyors,  steam  traps,  crushers,  belt  links,  wheels  chutes 
and  gates,  conveyor  cars,  winches,  motors,  buckets,  shafts,  chains 
and  similar  auxiliary  equipment  in  the  boiler  plant. 

112 — Gas  Producer  Equipment 

Charge  to  this  account  the  cost  of  all  equipment  devoted  to 
the  production  of  power  gas  for  the  purpose  of  generating  electric 
energy,  including  the  foundations  and  settings  of  such  producers 
and  their  accessories,  embracing  gas  producers,  economizers,  re- 
generators, vaporizers,  steam  injectors,  scrubbers,  exhauster  out- 
fits, seals,  appurtenant  boilers  and  pumps,  flues  and  piping, 
blower  engines,  gas  piping  from  producers  to  gas  prime  movers 
and  to  holders,  producer  gas  holders,  exhaust  piping,  etc. 

TRANSMISSION  AND  TRANSFORMATION 

120 — Transmission  System 

Charge  this  account  with  the  cost  of  the  transmission  system, 
embracing  all  towers,  poles,  cross-arms,  insulator  pins,  braces, 
brackets  and  other  pole  fixtures  and  appliances,  guys  and  other 
tower  and  pole  supports,  and  all  cables,  wires,  insulators  and 
insulator  material,  etc.,  constituting  the  transmission  system  be- 
tween the  point  of  electric  generation  or  purchase  to  the  point 
where  it  is  lowered  in  voltage  or  changed  as  to  kind  of  frequency 
for  the  purpose  of  commercial  distribution. 

121 — Sub-Station  and  Transformer  Station  Equipment 

Charge  to  this  account  the  cost  of  all  sub-station  and  trans- 
former station  equipment  and  apparatus,  including  the  electrical 
equipment  as  transformers,  motor-generator  sets,  rotaries,  boost- 
ers, switchboards,  furniture,  etc. 

130 — Storage  Battery  Equipment 

Charge  to  this  account  the  cost  of  all  storage  batteries  and 
storage  battery  equipment.  Where  separate  buildings  and 
structures  teive  been  provided  for  storage  batteries,  there  will  be 
charged  to  this  account  not  only  the  cost  of  the  electrical  equip- 
ment, but  also  such  other  equipment  as  is  a  necessary  and  inci- 
dental part  of  the  operation  of  such  battery  and  included  in 
tangible  capital. 

DISTRIBUTION 

140 — Distribution  System 

Charge  to  this  account  the  cost  of  the  distribution  system, 
embracing  all  towers,  poles,  cross-arms,  insulator  pins,  braces, 
brackets,  and  other  pole  fixtures  and  appliances,  guys,  and  other 
tower  and  pole  supports,  and  all  cables,  wires,  insulators,  and 
insulating  material  constituting  the  distribution  system  between 
the  central  station  switchboard  or  the  sub-station  or  transformer 
station  to  the  consumers'  premises,  including  the  service  wiring. 


40 

1 4 1  — Transformers 

Charge  this  account  with  the  cost  of  all  distribution  line 
transformers,  both  those  placed  on  the  premises  of  the  consumer 
and  upon  the  poles  or  other  supports  adjacent  thereto.  The  cost 
of  the  original  setting  of  each  transformer  will  be  charged  to  this 
account.  Transformers  and  transformer  devices  operated  in  con- 
nection with  the  transmission  system  will  not  be  charged  to  this 
account  but  to  the  account  Sub-Station  and  Transformer  Station 
Equipment. 

142— Meters 

Charge  to  this  account  the  eost  of  all  meters  when  purchased 
including  all  transportation.  If  it  is  the  policy  of  the  utility  to 
capitalize  the  cost  of  setting  the  meter  in  consumers'  promises 
the  said  cost  should  be  charged  1o  account  No.  160,  ^Customers' 
Installation."  Subsequent  removing  and  resetting  of  meters  will 
not  be  charged  to  this  account  but  to  operating  expenses. 

150 — Commercial  Lamps  and  Lain])  Equipment 

Charge  to  this  account  the  cost  of  all  arc  lamps,  Nernst 
lamps,  incandescent  lamps  and  all  lamp  fixtures  and  equipment 
devoted  to  commercial  lighting  and  included  in  the  tangible  cap- 
ital of  the  utility.  Lamps  and  lamp  equipment,  having  an  ex- 
pectancy of  life  in  service  of  less  than  one  year  will  not  be 
charged  to  this  account,  but  will  bo  considered  an  operating 
charge. 

100 — Municipal  Contract  Lighting  System 

Charge  to  this  account  the  cost  of  all  light  ing  equipment  oper- 
ated and  maintained  under  the  contracts  for  public  lighting  en- 
tered into  with  the  municipality,  embracing  public  arc  light, 
Nernst  lamps  and  incandescent  lamps  provided  for  in  the  contract 
and  all  circuits  and  poles,  cross-arms,  pins,  braces,  insulators,  arc 
supports  and  accessory  equipment  required  under  the  terms  of 
such  contract.  There  will  not  be  charged  to  this  account  the 
cost  of  any  equipment  properly  chargeable  to  Distribution  Sys- 
tem, this  account  being  designed  to  cover  only  the  cost  of  the 
lighting  system  devoted  to  the  municipal  contract  service.  Where 
the  terms  of  the  contract  or  an  ordinance  of  the  municipality  re- 
quire extension  of  mains  and  services  for  lighting  under  the  terms 
of  the  contract,  the  cost  of  such  extension  as  long  as  used  solely 
for  public  lighting  under  such  contract  will  be  charged  to  this 
account.  Entries  to  this  account  in  respect  to  such  extensions 
shall  be  so  made  as  to  admit  of  a  detailed  statement  when  called 
for  by  the  Commission. 

102 — General  Office  Equipment 

Charge  to  this  account  the  cost  of  all  equipment  of  the  gen- 
eral office  of  the  electric  utility,  embracing  such  items  as  office 


41 

furniture  and  furnishings,  movable  safes,  filing  cases  and  devices, 
typewriters,  adding  machines,  addressographs  and  sundry  office 
equipment  having  an  expectancy  of  life  in  service  exceeding  one 
year. 

166 — Customer's  Installation 

Charge  to  this  account  the  cost  of  the  first  setting  of  meters ; 
also  the  cost  of  connecting  arc  lamps,  glower  lamps  and  the  first 
installation  of  incandescent  lamps,  provided  it  is  the  policy  of 
the  corporation  to  capitalize  such  costs,  otherwise  the  cost  should 
be  charged  to  the  appropriate  operating  account. 

168 — Miscellaneous  Equipment 

Charge  to  this  account  all  equipment  not  iiicludible  in  any  of 
the  preceding  classified  capital  accounts,  embracing  such  items 
as  shop  appliances,  shop  and  laboratory  tools,  work  tools  and  in- 
struments, street  department  work  tools  and  instruments,  and 
other  miscellaneous  equipment. 

169— Utility  Equipment 

Charge  this  account  with  the  cost  of  all  utility  equipment. 
This  includes  wagons,  drays,  trucks,  harnesses,  horses,  automo- 
biles, bicycles,  motorcycles,  industrial  tramways,  etc. 

180 — Miscellaneous  Construction  and  Equipment  Expenditures 

Accounts  shall  be  opened  as  indicated  below  to  which  shall  be 
charged  all  expenditures  incurred  during  construction  and  be- 
fore the  operation  of  the  electric  utility,  of  the  character  indi- 
cated by  the  title  of  the  accounts.  If  expenditures  are  incurred 
for  the  service  of  engineers,  superintendents  and  other  technical 
skill  of  an  advisory  character  during  the  process  of  construction 
and  such  items  are  not  chargeable  to  any  of  the  following  ac- 
counts, there  may  be  opened  the  account  Engineering  and  Super- 
intendence. 

NOTE. — Auxiliary  accounts. 

Salaries  during  construction. 

Office  supplies  and  expenses  during  construction. 

Stationery  and  printing  during  construction. 

Legal  expenses  during  construction. 

Injuries  and  damages  during  construction. 

Insurance  during  construction. 

Taxes  during  construction. 

Interest  during  construction. 

Discount  on  bonds  during  construction. 

Miscellaneous  expenditures  during  construction. 

190— Cost  of  Plant  Purchased  (in  Lieu  of  Plant  Constructed) 

Charge  to  this  account  the  cost  of  the  electric  plant  pur- 
chased in  case  the  plant  of  the  utility  is  obtained  by  purchase 


42 

instead  of  being  constructed  by  it.  The  entry  to  this  account 
should  show  with  sufficient  detail  the  name  of  the  parties  from 
whom  purchased,  the  purchase  price  and  all  other  facts  pertinent 
to  such  sale,  which  details  will  be  called  for  by  the  Commission. 

195 — Property  in  Other  Departments 

Charge  to  this  account  the  cost  of  all  property  of  the  corpora- 
tion coining  within  the  definition  of  tangible  property  devoted  to 
other  than  electrical  operation. 

200 — Unfinished  Plant  Investment 

Charge  to  this  account  the  amounts  expended  under  plant 
and  equipment  in  process  of  construction  under  estimate  or  work 
orders,  but  not  yet  ready  for  service,  including  such  proportion 
of  plant  supervision  expenses,  engineering  expenses,  tool  expenses, 
supply  expenses  and  general  expenses,  as  may  be  properly  charge- 
able to  the  construction  work  included  under  this  account.  As 
soon  as  such  work  is  completed  the  cost  of  same  should  be  credited 
to  this  account  and  charged  to  the  appropriate  Plant  Investment 
Account. 


43 


INCOME  ACCOUNT 

OPERATING   REVENUES 

501 — Commercial  Lighting 

Credit  to  this  account  all  revenues  derived  from  consumers 
other  than  municipal  corporations,  for  electric  lighting  at  flat 
rates  per  year,  per  month,  per  night,  per  hour,  or  other  time  unit, 
or  on  any  basis  independent  of  the  quantity  of  energy  supplied.. 

To  include  also  all  revenues  derived  from  all  consumers,  ex- 
cept municipal  corporations,  for  measured  electrical  energy  sup- 
plied for  electric  lighting  where  the  total  receipt  is  dependent  on 
the  quantity  of  energy  supplied. 

NOTE. — For  the  purpose  of  further  defining  this  account,  the  revenues 
should  be  so  credited  as  to  be  easily  designated  under  the  following  sub- 
divisions: 

(a)  Business  Lighting. 

(b)  Domestic  Lighting. 

NOTE. — Where  electrical  energy  flowing  through  any  meter  is  used  by 
any  other  consumer  than  a  municipal  corporation  for  both  arc  and  incandes- 
cent lighting,  or  for  arc  and  incandescent  lighting  and  incidentally  for 
power  purposes,  such  as  running  fans,  sewing  machines,  etc.,  the  revenues 
derived  therefrom  shall  be  credited  to  this  account. 

502 — Municipal  Lighting — Arc 

Credit  to  this  account  all  revenues  derived  from  lighting 
streets  for  municipal  corporations  by  means  of  arc  lamps. 

Incandescent 

Credit  to  this  account  all  revenues  derived  from  lighting 
streets  for  municipal  corporations  by  means  of  incandescent  elec- 
tric lights. 

NOTE. — In  the  two  foregoing  accounts,  the  word  "streets"  is  to  be 
interpreted  to  include  parks,  plazas,  and  all  other  public  places  not  classi- 
fied as  buildings. 

(a)   Municipal  Building  Lighting 

Credit  to  this  account  all  revenues  from  lighting  municipal 
buildings  by  electric  lamps. 

503 — Commercial  Power 

Credit  to  this  account  all  revenues  derived  from  all  consum- 
ers, except  municipal,  railroad,  and  other  electrical  corporations, 
for  electrical  energy  supplied  for  heat  or  power  at  special  flat  rates 
per  year,  per  month,  per  night,  per  hour,  or  other  time  unit,  or  on 
any  basis  independent  of  the  quantity  of  energy  supplied. 

To  include  also  all  revenues  derived  from  all  consumers, 
except  municipal,  railroad,  and  other  electrical  corporations,  for 
measured  electrical  energy  supplied  for  heat  or  power  at  special 


44 

heat  or  power  rates,  where  the  total  receipt  is  dependent  on  the 
quantity  of  energy  supplied. 

NoTE  _For  the  purpose  of  further  refining  this  account,  sub-accounts 
should  be  used  to  designate  different  classes  of  power,  under  sub-headings 
as  (a),  (b),  (c),  etc. 

504 — Municipal  Power 

(a)  Municipal  Building  Power 

Credit  to  this  account  all  revenues  derived  for  heat  or  power 
in  municipal  buildings  where  such  energy  is  supplied  at  power 
rates  and  metered  separately. 

(b)  Municipal  Utilities  Power 

Credit  to  this  account  all  revenues  derived  from  electrical 

energy  supplied  municipal  corporations  for  power  in  operating 

water  works,  bridges,  stone  crushing  plants,  or  other  municipal 

utilities,  except  municipal  buildings,  under  a  division  as  follows : 

To  include  all  revenues  derived  from  energy  supplied  at 

a  special  flat  rate  dependent  only  upon  a  time  element  and 

independent  of  the  quantity  consumed. 

To  include  all  revenues  derived  from  energy  supplied  at 
a  rate  dependent  upon  the  quantity  of  energy  consumed. 

505 — Sales  to  Other  Public  Service  Corporations 

Credit  to  this  act-mini  all  revenues  derived  from  electrical 
energy  sold  to  other  electrical  corporations,  including  railroads, 
to  be  by  them  distributed  over  their  own  lines  to  consumers.  If 
any  portion  of  such  energy  is  incidentally  consumed  by  such  cor- 
porations for  their  own  benefit,  whether  for  light,  heat  or  power, 
it  shall  be  included  herein,  if  not  separately  measured  or  if  in- 
cluded under  the  same  contract  with  that  which  is  distributed 
by  them  to  consumers. 

500 — Electric  Merchandise  and  Jobbing  Revenue 

Under  this  head  credit  all  revenues  from  the  sale  of  electric 
merchandise  and  from  electric  jobbing. 

Charge  under  this  head  the  cost  to  the  accounting  corpora- 
tion of  electric  merchandise  sold,  such  cost  including  transporta- 
tion charges  paid  on  such  goods. 

Also  credit  under  this  head  the  profit  or  commission  accruing 
to  the  corporation  on  all  jobbing  work  performed  by  it  as  agent 
under  agency  contracts,  whereby  it  undertakes  to  do  jobbing 
work  for  another,  for  a  stipulated  profit  or  commission  upon  its 
actual  expense  for  labor,  material  and  supplies. 

507 — Miscellaneous  Electric  Revenue 

Credit  to  this  account  all  revenues  derived  from  pole  and 
attachment  rents  and  from  electrical  operations  not  includible 
in  any  of  the  foregoing  accounts. 


45 


OPERATING  EXPENSES 

Operating  Expenses — Steam  Power  Generation 
Operation 

601 — Superintendence 

Salaries  of  superintendents  and  assistants,  chemists,  clerks, 
elevator  men  and  also  that  portion  of  the  engineering  staff 
chargeable  to  the  generating  plant  operations. 

G02— Wages 

(a)  Boiler  Labor 

Labor  in  boiler  room  and  elsewhere  in  and  about  the  premises 
having  to  do  with  making  steam. 

Principal  items:  Fire  room  engineer  and  assistants;  water 
tenders,  firemen,  coal  handlers,  ash  handlers,  boiler  cleaners,  and 
feed  pumpmen. 

(b)  Engine  Labor 
Labor  on  prime  movers. 

Principal  items:  Chief  engineer  and  assistants,  engineers, 
oilers,  wipers  and  machinists. 

(c)  Electrical  Labor 

All  labor  in  connection  with  the  electrical  apparatus  and 
devices,  beginning  with  the  dynamos  direct  connected  or  belted 
to  the  prime  movers  and  including  the  switchboard,  feeder  termi- 
nal board  and  to  where  the  electric  -current  leaves  the  station  for 
the  transmission  or  distribution  system. 

Principal  items:  System  operators  or  load  despatchers; 
foremen  regulators,  regulators  and  assistants,  switchboard  men, 
brushmen,  wipers,  wiremen. 

(d)  Miscellaneous  Labor 

Salaries  and  wages  of  all  employees  in  and  about  the  steam 
power  generating  plant,  engaged  in  operating  the  plant,  including 
the  watchmen,  labor  of  cleaning  buildings  and  yards,  janitors, 
messengers,  and  general  labor  not  chargeable  to  any  of  the  fore- 
going steam  power  plant  labor  accounts,  excluding  maintenance 
labor. 

603— Fuel 

Charge  to  this  account  the  cost  of  all  fuel  used  for  steam, 
whether  coal,  oil,  gas  or  other  fuel,  at  the  cost  f.  o.  b.  station  or 
storage  pile.  This  will  include  the  invoice  cost  of  fuel,  freight, 
switching,  rent  of  railroad  sidings,  demurrage,  cost  of  unloading 
from  cars  or  boats  to  wagons,  and  cartage  to  point  of  delivery  at 
plant  for  storage,  or  unloading  from  scows  or  cars  and  convey- 
ing to  place  of  storage.  In  case  coal  is  transferred  from  one 


46 

place  of  storage  to  another,  this  cost  should  also  be  included; 
also  any  discrepancy  between  the  actual  amount  of  coal  on  hand 
and  that  recorded  on  the  books  of  the  company  should  be  taken 
care  of  in  this  account. 

604— Water 

Charge  to  this  account  the  cost  of  water  for  boilers,  for  con- 
densers, and  for  cooling  engines.  Water  used  for  general  station 
purposes  should  not  be  included.  Include  also  boiler  compound. 

If  water  is  purchased,  charge  at  the  contract  price  or  the 
meter  rate. 

If  water  is  pumped  by  the  company,  charge  here  the  cost  of 
pumping. 

This  account  shall  include  all  labor  cost  and  expense  in 
connection  with  the  handling  of  water,  such  as  operating  the 
pumping  station,  and  chemicals  used  in  purification  'and  filtra- 
tion. 

605 — Lubricants 

Charge  to  this  account  the  cost  of  lubricants  for  the  moving 
of  machinery  in  the  generating  plant.  This  does  not  include  oil 
for  transformers,  grease  for  wagons,  or  oil  for  lanterns,  etc. 

Oil  used  in  pumping  station  should  be  charged  against  ac- 
count No.  604— Water. 

(>()() — Station  Supplies  and  Kxpense 

Charge  to  this  account  the  cost  of  all  supplies,  tools,  etc., 
used  in  the  generating  plant  which  are  consumed  in  the  operating- 
process,  also  the  general  and  miscellaneous  expenditures  in  the 
plant,  not  specifically  chargeable  to  oilier  accounts,  as  follows: 

(a)  Production  Supplies 

All  supplies,  tools,  etc.,  used  in  the  generating  plant  which 
are  consumed  in  the  operating  process,  the  replacement  of  which 
does  not  constitute  a  repair  or  renewal. 

Principal  items:  Waste,  packing,  wipers,  gauge  glasses, 
gauge  washers,  manhole  gaskets,  handhole  gaskets,  fire  room 
tools,  steam  and  air  hose,  bolts,  screws,  nails,  tools,  dynamo 
brushes. 

(b)  Station  Expense 

The  general  and  miscellaneous  expenditures  in  the  generating 
plant  not  specifically  chargeable  to  other  accounts. 

Principal  items :  Lighting,  heating  and  cleaning  system,  fire 
protection  system,  janitors'  supplies,  ice  water,  meals  and  car 
fares,  stationery,  telephone  and  toilet  service,  care  of  streets, 
yards,  sidings. 


47 

This  does  not  include  Miscellaneous  Labor,  which  is  cared 
for  under  account  No.  G02 — Sub-section  (d) — Miscellaneous 
Labor. 

607 — Steain  Purchased 

Charge  to  this  account  the  cost  of  all  purchased  steam  con- 
sumed in  the  power  plant  of  the  electric  department. 

Production — Maintenance 
611— Station  Buildings 

Charge  to  this  account  the  cost  of  repairs  to  buildings  and 
permanent  fixtures  therein,  including  furniture,  as  follows: 

(a)  Repairs — Sundries 

Repairs  to  furniture,  fixtures  and  such  other  property  in 
and  about  the  generating  plant  not  specifically  provided  for  else- 
where. Modifications,  if  not  provided  for  by  a  reserve  fund, 
should  be  charged  under  this  classification. 

(b)  Repairs — Station  Structure 

Repairs  to  building  and  permanent  fixtures  therein. 

Principal  items:  Plumbing,  windows,  sashes,  roof,  doors 
and  walls;  heating  and  lighting  systems;  grounds  and  streets, 
vaults,  sheds,  pits,  sidewalks,  elevators,  lockers,  fire  protection 
system,  painting. 

612 — Steam  Equipment 

Charge  to  this  account  the  cost  of  repairs  to  boilers,  boiler 
apparatus,  piping,  engines,  turbines  and  mechanical  apparatus, 
as  follows: 

(a)  Repairs— Boilers 

Repairs  to  boilers,  including  foundations  and  settings. 

Principal  items:  Brick  work,  bridge,  wall,  arches,  jumps, 
grate  bars,  stoker  bars  and  webbs,  furnaces,  valves,  superheaters, 
damper  regulators,  tubes. 

(b)  Repairs — Boiler  Apparatus 

Repairs  to  feed  water,  coal  and  ash  handling  systems  and  to 
auxiliary  apparatus  in  fire  room. 

Principal  items :  Feed  pumps,  blower  engines,  coal  con- 
veyor; digger,  trolley  and  cable  tower,  crusher  and  belt  links, 
brackets,  wheels,  chutes  and  gates.  Ash  conveyor,  cars,  winches, 
buckets,  shaft,  chain,  motors  and  wheels;  filters,  boiler  com- 
pound injector  and  pump,  heaters,  primary  and  secondary, 
economizers,  water  meters  and  wells. 


48 

(c)  Repairs — Piping 

Repairs  to  piping  system  in  connection  with  the  making  of 
steam  and  delivery  thereof  to  the  prime  movers. 

Principal  items:  Water-feed  piping,  cold  main,  hot  main, 
salt-water  suction,  valves,  joints,  jackets,  ash-pit  drains  and  ash- 
pocket  siphons,  oil  drains  from  engine  crank  pits,  receiving  tanks, 
filter  pumps  to  engine  valve,  steam  and  exhaust  line  systems, 
sewer  connections,  air  line. 

(d)  Repairs— Engines  ami  Turbines 

Repairs  to  prime  movers.  II'  plant  contains  both  reciprocat- 
ing engines  and  turbines,  the  cost  may  be  further  sub-divided 
accordingly. 

(e)  Repairs — Mechanical    Apparatus 

Repairs  to  apparatus  connected  with  or  auxiliary  to  the 
prime  movers. 

Principal  items:  Condensers  and  cooling  towers,  packing 
tubes,  renewing  tubes,  heads,  doors  and  miscellaneous.  Pumps: 
ail-  and  circulating,  wet  vacuum,  dry  vacuum,  oil  systems;  belting, 
motors,  hoists  and  cranes,  shafting,  pulleys,  etc. 

if)    Repairs — Tools  and  Implements 

Repairs  and  replacement  of  tools  (except  lire  tools  provided 
for  elsewhere). 

Principal  items:  Blacksmiths',  machinists',  and  pipe  titters' 
tools;  pump  room  tools,  engine  tools,  cutting  tools. 

(>U> — Electrical  Equipment 

Charge  to  this  account  the  cost  of  all  repairs,  including  labor, 
to  the  Electric  Generating  Plant,  Steam,  station  cables,  switch- 
boards  and    instruments  and    station    terminal    boards    (not   in- 
cluding wiling  for  station  lighting)   as  follows: 
(a)    Repairs — Main  Generators 

Ibi  Repairs — Exciting  Apparatus,  including  exciters,  mo- 
tors, motor  generators,  boosters,  regulators  and  ex- 
citing battery. 

(c)  Repairs — Control  and  Protective  Equipment,  including 

switches,  circuit  breakers,  buses,  current  and  poten- 
tial transformers,  relays,  indicating  and  recording 
instruments  and  switchboard  panels,  lightning  ar- 
resters, reactances  and  ground  resistances,  wires  and 
cables  used  in  conjunction  with  the  foregoing. 

(d)  Repairs — Transformers     and     Converting     Apparatus 

other  than  those  used  as  auxiliary  to  apparatus  un- 
der (b)  and  (c),  and  other  than  those  included  as 
part  of  sub-station,  if  such  is  operated  in  conjunction 
with  generating  plant. 


49 

^Hydraulic  Generation 
Production — Operation 
» — Superintendence 

Charge  to  this  account  the  salaries  and  expenses  of  the 
Superintendent  and  General  Foreman  of  the  Water  Power  Gen- 
erating Plant.  This  includes  also  the  salaries  and  expenses  of 
draftsmen  and  clerical  help  upon  records  and  accounts  directly 
chargeable  to  the  water  power  generating  plant,  whether  at  the 
general  office  or  at  the  plant. 

Charge  also  with  the  proportion  of  the  salaries  and  ex- 
penses of  the  engineering  staff  chargeable  to  the  water  power 
generating  plant  operations. 

G26— Wages 

(a)  Hydraulic  Labor 

Charge  to  this  account  the  wages  of  all  employees  operating 
the  hydraulic  works,  including  foremen,  intake  operators,  flume 
patrolmen,  cleaners  at  reservoirs  and  screens  and  all  other  em- 
ployees whose  duties  concern  the  operation  of  the  hydraulic  de- 
velopment outside  of  the  generating  station. 

(b)  Station  Labor 

Charge  to  this  account  the  wages  of  station  operators,  help- 
ers and  oilers  engaged  in  operating  the  station  equipment,  begin- 
ning at  end  of  penstock,  and  ending  where  the  electric  current 
leaves  the  generating  station. 

The  operation  of  sub-station  apparatus  and  equipment  occu- 
pying the  same  building  with  water  power  and  generating  plant 
shall  be  charged  to  account  No.  675 — Sub-Station  Wages  (Trans- 
mission). 

(c)  Miscellaneous  Labor 

Charge  to  this  account  the  wages  of  employees  in  and  about 
the  water  power  generating  plant  engaged  in  miscellaneous  oper- 
ating work,  including  watchmen,  labor  cleaning  buildings  and 
yards,  janitors,  messengers,  and  general  labor  not  chargeable  to 
any  of  the  foregoing  water  power  generating  plant  labor  accounts. 

627 — Water  Purchased  for  Power 

Charge  to  this  account  the  cost  of  water  purchased  for  water 
power  generation. 

628— Lubricants 

Charge  to  this  account  the  cost  of  lubricants  for  hydraulic 
prime  movers,  machinery  connected  therewith  and  auxiliary 
pumping  and  exciting  machinery.  This  does  not  include  trans- 
former oil,  wagon  grease  or  oil  for  lanterns. 

Charge  also  to  this  account  the  cost  of  recovering  oil  from 
waste  and  the  cost  of  filtering  and  handling. 


50 

629 — Station  Supplies  and  Expense 

Charge  to  this  account  all  operating  supplies  consumed  and 
all  expenses  incurred  in  the  water  power  generating  plant  not 
properly  chargeable  to  other  account,  as  follows: 

(a)  Production  Supplies 

All  supplies  used  in  the  water  power  generating  plant  whicji 
are  consumed  in  the  operating  process,  the  replacement  of  which 
does  not  constitute  a  repair  or  a  renewal. 

Principal  items:  -  Waste,  packing,  wiping  supplies,  gauge 
glasses,  gaskets,  bolts,  screws,  nails,  dynamo  and  motor  brushes, 
cans  for  con  lain  ing  rags  and  wastes  transformer  oil  and  hand 
oil  cans. 

(b)  Station  Expense 

The  general  and  miscellaneous  expenditures  in  the  water 
power  generating  plant  not  properly  chargeable  to  other  account. 

Principal  items:  Operation  of  lighting,  heating,  cleaning 
and  fire  protection  systems,  janitors'  supplies;  ice,  meals  and  car 
fares;  stationery,  including  station  report  forms;  toilet  service. 
Charge  also  to  this  account  the  proportion  of  stable  and  vehicle 
expense  chargeable  1o  water  j tower  generation. 

Production — Maintenance1 
635 — Reservoirs,  Dams,  Canals  and  Pipe  Lines 

(a)  Repairs — Dams  and  Intakes 

Charge  to  this  account  t  lie  cost  of  repairing  dams  and  intake's 
with  their  appurtenant  gates,  valves,  weirs,  spillways,  screens,  etc. 

(b)  Repairs — Flumes  and  Canals 

Charge  to  this  account  the  cost  ol'  repairing  flumes,  canals, 
tunnels  or  other  conduits  between  the1  intake  gates  and  the  fore 
bay,  together  with  the  apparatus  appurtenant  thereto. 

(c)  Repairs — Reservoirs  and  Forebays 

Charge  to  this  account  the  cost  of  repairing  storage  reservoirs 
and  forebays.  This  includes  repairs  to  linings  of  walls  and  bot- 
toms, gate  houses  and  headgate  equipment  at  the  head  of  pen- 
stocks. 

(d)  Repairs — Penstocks  and  Tailraces 

Charge  to  this  account  the  cost  of  repairing  and  renewing 
penstocks  or  other  pressure  pipes  between  the  forebay  gates  and 
the  water  wheels,  and  also  all  waste  ways  or  channels  conducting 
water  from  the  outlet  of  the  draft  tubes  to  the  point  of  final 
discharge. 


51 

(e)  Repairs — Way  and  Cars 

Charge  to  this  account  the  cost  of  repairing  and  renewing 
rolling  stock,  roadbed  and  steel  in  connection  with  spur  tracks, 
tramways,  inclines,  freight  car  barges,  etc.,  which  are  a  part  of 
the  hydraulic  development. 

(f)  Repairs — Telephone  System 

Charge  to  this  account  the  cost  of  repairing  and  renewing 
telephone  lines,  telephone  apparatus  and  switchboards  of  the 
telephone  system  in  the  water  power  generating  station  and  be- 
tween the  station  and  the  headworks.  The  cost  of  repairing  and 
renewing  telephone  apparatus  and  switchboards  used  jointly  for 
production  and  transmission  should  be  apportioned  between  this 
account  and  account  No.  (>S4  (d)  Telephone  System  Transmission. 

636 — Wheels  and  Governors 

Charge  to  this  account  the  cost  of  repairing  and  renewing 
water  wheels,  governors  and  their  accessories.  This  includes  all 
equipment  from  penstocks  to  tailraces,  such  as  gates,  valves, 
pumps,  piping,  etc.,  used  in  connection  with  water  wheels  and 
governors. 

Principal  items :  Water  wheels  and  housings,  needle  valves, 
nozzles,  deflecting  hoods,  relief  valves,  air  compressors  for  surge 
tanks,  pumps  for  governors  and  necessary  piping  in  connection 
therewith. 

637 — Electrical  Equipment 

(a)  Generators  and  Transformers 

Charge  to  this  account  the  cost  of  repairing  generators,  ex- 
citers and  other  electric  generating  apparatus  driven  by  hydraulic 
power;  motor-generator  exciter  sets,  transformers  used  for  trans- 
mission purposes. 

NOTE. — Maintenance  of  motors  and  transformers  for  driving  auxiliary 
apparatus  shall  be  charged  to  the  appropriate  equipment  accounts. 

(b)  Switchboards,  Switching  Apparatus  and  Wiring 

Charge  to  this  account  the  cost  of  repairing  switchboards  and 
switching  apparatus,  meters  and  equipment.  This  includes  such 
items  as  bus  bars,  oil  switches,  disconnecting  switches,  instru- 
ment transformers,  grounding  protecting  devices,  static  relief 
equipment  inside  the  station,  remote  control  and  signaling 
apparatus,  storage  batteries  for  operating  station  equipment,  and 
all  high  tension  and  low  tension  wiring  except  that  for  local 
lighting. 

NOTE. — When  apparatus  as  listed  in  this  account  receives  power  from 
the  generators,  or  from  transmission  lines,  and  transforms  or  converts  it 
for  delivery  to  the  distribution  system,  the  maintenance  of  such  apparatus 
shall  be  charged  to  the  appropriate  sub-station  equipment  maintenance 
accounts  under  Transmission. 


52 

638— Miscellaneous  Station  Equipment 

Charge  to  this  account  the  cost  of  repairing  all  miscellaneous 
equipment  in  and  about  the  water  power  generating  station  which 
is  not  properly  included  in  one  of  the  regular  maintenance 
accounts. 

Principal  items:  Shafting,  belting,  rope  and  cable  drives, 
clutches,  pulleys,  idler  wheels,  hoists,  cranes,  tools  and  all  other 
accessory  equipment. 

639— Station  Buildings 

Charge  to  this  account  the  cost  of  repairing  water  power 
generating  plant  buildings  and  fixtures  and  maintaining  grounds. 

Principal  items:  Permanent  foundations  for  equipment; 
furniture,  fixtures  and  other  property  in  and  about  the  water 
power  generating  plant  not  specifically  provided  for  elsewhere; 
plumbing  for  water,  sewage  and  drainage;  apparatus  for  heating, 
lighting  and  ventilating ;  fire  protection  system ;  grounds,  streets 
and  sidewalks ;  lockers ;  paintings ;  employees'  dwellings  and  other 
miscellaneous  buildings  used  in  connection  with  the  water  power 
generating  plant. 

NOTE. — Permanent  foundations  are  those  designed  as  a  part  of  the 
permanent  construction  of  the  building  and  independent  of  their  use  in 
connection  with  any  particular  unit  of  equipment.  The  maintenance  of 
foundations  prepared  especially  for  certain  units  of  equipment  and  designed 
to  last  no  longer  than  such  units,  shall  be  charged  under  the  appropriate 
Maintenance  of  Equipment  accounts. 

Operating  Expenses — (}as  (Jenerafion 

Production — Operation 
651 — Superintendence 

Charge  to  this  account  the  salaries  of  superintendents  and 
assistants,  chemists,  clerks,  elevator  men  and  also  that  portion 
of  the  engineering  staff  chargeable  to  the  generating  plant  oper- 
ations. 

652— Wages 

(a)  Fuel  Labor 

Charge  this  account  with  all  operating  labor  engaged  in  the 
production  of  power  gas,  including  the  handling  of  fuel  from  the 
storage  pile  to  the  gas  generators,  building  and  handling  of 
residuals  from  said  building  to  the  point  where  residuals  are 
placed  when  removed  from  the  building.  Exclude  maintenance 
labor. 

(b)  Engine  Labor- 
Labor  on  prime  movers. 

Principal  items:  Chief  engineer  and  assistants,  engineers, 
oilers,  wipers  and  machinists. 


53 

(c)  Electrical  Labor 

All  labor  in  connection  with  electrical  apparatus  and  devices, 
beginning  with  the  dynamos  direct  connected  or  belted  to  the 
prime  movers  and  including  the  switchboard,  feeder  terminal 
board  and  to  where  the  electric  current  leaves  the  station  for  the 
transmission  or  distribution  system. 

Principal  items :  System  operators  or  load  dispatchers,  fore- 
man regulators,  regulators  and  assistant  switchboard  men,  brush- 
men,  wipers  and  wireinen. 

(d)  Miscellaneous  Labor 

Salaries  and  wages  of  all  employees  in  and  about  the  gas 
power  generating  plant,  engaged  in  operating  the  plant,  including 
the  watchmen,  labor  of  cleaning  buildings  and  yards,  janitors, 
messengers  and  general  labor  not  chargeable  to  any  of  the  fore- 
going gas  power  plant  labor  accounts  excluding  maintenance 
labor. 

G53 — Producer  Fuel 

Charge  to  this  account  the  cost  of  all  fuel  used  for  producing 
gas  for  power  purposes  at  the  cost  f.  o.  b.  station  storage  pile. 
This  will  include  the  invoice  cost  of  fuel,  freight,  switching,  rent 
of  railroad  sidings,  demurrage,  cost  of  unloading  from  cars  or 
boats  to  wagons,  and  cartage  to  point  of  delivery  at  plant  for 
storage,  or  unloading  from  scows  or  cars  and  conveying  to  place 
of  storage.  In  case  coal  is  transferred  from  one  place  of  storage 
to  another,  this  cost  shall  also  be  included ;  also  any  discrepancy 
between  the  actual  amount  of  coal  on  hand  and  that  recorded  on 
the  books  of  the  company  shall  be  taken  care  of  in  this  account. 

654— Water 

Charge  to  this  account  the  cost  of  water  used  in  the  produc- 
tion of  gas  for  power  purposes  and  water  used  for  cooling  gas 
prime  movers.  If  water  is  purchased,  charge  at  the  contract  price 
or  the  meter  rate.  If  water  is  pumped  by  the  Company,  charge 
here  the  cost  of  pumping.  This  account  shall  include  all  labor 
cost  and  expense  in  connection  with  the  handling  of  water,  such 
as  operating  the  pumping  station,  and  chemicals  used  in  purifica- 
tion and  nitration. 

655 — Lubricants 

Charge  to  this  account  the  cost  of  lubricants  for  the  moving 
of  machinery  in  the  generating  plant.  This  does  not  include  oil 
for  transformers,  grease  for  wagons,  or  oil  for  lanterns,  etc.  Oil 
used  in  pumping  station  should  be  charged  against  account 
No.  654— "Water." 

656 — Station  Supplies  and  Expense 

Charge  to  this  account  the  cost  of  all  supplies,  tools,  etc., 
used  in  the  generating  plant  which  are  consumed  in  the  operating 


54 

process,  also  the  general  and  miscellaneous  expenditures  in  the 
plant  not  specifically  chargeable  to  other  accounts,  as  follows: 

(a)  Production  Supplies 

All  supplies,  tools,  etc.,  used  in  the  generating  plant  which 
are  consumed  in  the  operating  process,  the  replacement  of  which 
does  not  constitute  a  repair  or  renewal. 

(See  account  No.  606  for  principal  items.) 

(b)  Station  Expense 

The  general  and  miscellaneous  expenditures  in  the  generating 
plant  not  specifically  chargeable  to  other  accounts. 

Principal  items:  Lighting,  heating  and  cleaning  system,  fire 
protection  system,  janitors'  supplies,  ice  water,  meals  and  car- 
fares, stationery,  telephone  and  toilet  service,  care  of  streets, 
yards,  sidings,  etc.  This  does  not  include  miscellaneous  labor, 
which  is  carried  under  sub-account  No.  652  (d) — Miscellaneous 
Labor. 

657 — Power  Gas  Purchased 

Charge  this  account  with  the  cost  of  all  gas  purchased  for 
the  operation  of  gas  prime  movers  in  the  generation  of  electric 
energy  by  gas  power. 

Production — Maintenance 
661— Station  Buildings 

Charge  to  this  account  the  cost  of  repairs  to  buildings  and 
permanent  fixtures  therein,  including  furniture  as  follows: 

(a)  Repairs — Sundries 

Repairs  to  furniture,  fixtures  and  such  other  property  in  and 
about  the  generating  plant,  not  specifically  provided  for  elsewhere 
by  a  reserve  fund,  should  be  charged  under  this  classification. 

(b)  Repairs — Station  Structure 

Repairs  to  building  and  permanent  fixtures  therein: 
Principal  items:     Plumbing,  windows,   sashes,   roof,   doors, 
and  walls,  heating  and  lighting  systems,   grounds   and   streets, 
vaults,  sheds,  pits,  sidewalks,  elevators,  lockers,  fire  protection 
system,  painting. 

662— Gas  Equipment 

(a)   Producer  Equipment 

Charge  to  this  account  the  expenses  of  all  labor  and  material 
incurred  in  repairing  apparatus  used  for  the  production  of  gas 
to  be  used  for  power  purposes  in  the  generation  of  electric  energy. 
Also  charge  with  the  cost  of  repairing  gas  conductor,  exhaust 
pipe,  and  other  auxiliary  gas  productive  apparatus.  This  includes 
producers,  economizers,  regenerators,  vaporizers,  steam  injectors, 


55 

scrubbers,  exhauster  outfit,  as  well  as  specially  provided  boilers, 
pumps,  flues  and  pipes,  coal  and  ash  conveyors  and  accessory 
equipment,  blower  engines,  holders,  and  all  similar  auxiliary 
equipment. 

(b)  Engines  and  Turbines 

Charge  to  this  account  the  expenses  of  all  labor  and  supplies 
incurred  in  repairing  gas  engines  and  turbines  devoted  to  the 
production  of  electric  energy,  including  valves,  governors,  igni- 
tion and  starting  apparatus.  The  maintenance  of  power  appa- 
ratus, as  shafts,  belts,  etc.,  will  not  be  charged  to  this  account. 

(c)  Mechanical  Apparatus 

Charge  to  this  account  the  expenses  of  all  labor  and  supplies 
incurred  in  repairs  to  auxiliary  equipment,  equipment  in  gas 
power  generating  plant,  including  power  transmission  equipment, 
such  as  shafting,  belting,  rope,  and  cable  drives,  clutches,  pulleys, 
and  idlers,  wheels,  movers,  hoists,  cranes,  blacksmith's  and 
machinist's  tools.  All  other  goods,  power  plant  auxiliary  equip- 
ment, other  than  hand  tools,  the  cost  of  which  is  to  be  included 
in  operating  expenses.  Where  electric  energy  is  also  generated 
at  the  same  plant  by  similar  or  hydraulic  power,  repairs  to 
auxiliary  equipment,  operated  for  the  joint  benefit  of  all  methods 
of  current  generation,  will  be  apportioned  from  the  respective 
classes  of  power  accounts. 

663 — Electrical  Equipment 

Charge  to  this  account  the  cost  of  all  repairs,  including  labor, 
station  cable,  switchboards  and  instruments,  and  station  terminal 
boards  (not  including  \viring  for  station  lighting)  as  follows: 

(a)  Repairs — Main  Generators 

(b)  Repairs — Exciting  Apparatus,  including  exciters,  mo- 

tors, motor  generators,  boosters,  regulators  and  ex- 
citing battery. 

(c)  Repairs — Control  and  Protective  Equipment,  including 

switches,  circuit  breakers,  buses,  current  and  poten- 
tial transformers,  relays,  indicating  and  recording 
instruments  and  switchboard  panels,  lightning  arrest- 
ers, reactances  and  ground  resistances,  wires  and 
cables,  used  in  conjunction  with  the  foregoing. 

(d)  Repairs — Transformers     and     Converting    Apparatus, 

other  than  those  used  as  auxiliary  to  apparatus 
under  (b)  and  (c)  and  other  than  those  included  as 
part  of  sub-station,  if  such  is  operated  in  conjunction 
with  generating  plant. 


56 


Operating  Expenses — Purchased  Power 
070 — Purchased  Power 

Charge  to  this  account  the  cost  at  the  point  of  delivery  to  the 
company,  of  all  electric  energy  purchased  including  that  produced 
for  the  company  by  another  corporation  under  any  joint  arrange- 
ment for  the  sharing  of  expense  (upon  the  basis  of  the  relative 
amounts  of  benefit  to  the  several  participants). 

Operating  Expenses — Transmission 

Operation 
G75 — Sub-station  Wages 

(a)  Superintendence 

Charge  to  this  account  the  cost  of  salary  of  superintendents 
and  clerks,  and  also  that  proportion  of  the  salaries  of  the  engi- 
neering staff  of  the  company  which  is  chargeable  to  transmission. 

(b)  Wages 

Charge  to  this  account  the  wages  of  regulators,  brushmen, 
etc.,  employed  in  the  sub-station  in  connection  with  the  apparatus. 

676 — Sub-station  Supplies  and  Expense 

Charge  to  this  account  the  cost  of  carfares,  meals,  telephone, 
stationery,  etc.,  and  all  expenses  in  the  sub  stations  not  specifically 
provided  for  elsewhere. 

677— Subway  Rental 

Charge  to  this  account  the  rental  of  ducts  leased  from  other 
companies  and  municipalities. 

678 — Operation  of  Transmission  Lines 

Charge  to  this  account  the  cost  of  operating  transmission 
trunk  lines  between  generating  and  sub-stations,  as  follows: 

(a)  Labor  and  Expense — Subways 

Wages  and  expenses  in  connection  with  inspection  and  clean- 
ing of  subway  ducts,  manholes  and  sewer  connections. 

(b)  Labor  and  Expense — Overhead  Conductors 
Wages  and  expenses  of  patrolmen,  testers,  etc. 

(c)  Labor  and  Expense — Underground  Conductors 
Wages  and  expenses  of  patrolmen,  testers,  etc. 

(d)  Labor  and  Expense — Telephone  System 
Wages  and  expenses  of  operators,  etc. 


57 


Maintenance 
681— Sub-Station  Buildings 

Charge  to  this  account  the  cost  of  all  repairs  to  sub-station 
buildings;  fixtures  and  grounds,  together  with  all  permanent 
fixtures  therein  and  appurtenant  thereto,  including  work  on 
streets,  drives,  sidewalks,  vaults,  pits,  sheds  and  permanent  foun- 
dations of  apparatus. 

682— Sub- Station  Equipment 

Charge  to  this  account  the  cost  of  all  repairs  to  apparatus  in 
sub-station,  including  sub-station  cables,  switchboards  and  instru- 
ments, station  terminal  board,  etc. 

NOTE. — This  does  not  include  the  cost  of  repairing  any  storage  battery 
equipment,  for  which  see  account  No.  692. 

683 — Underground  Conduits 

Charge  to  this  account  the  cost  of  maintaining  subways  and 
underground  conduits,  including  repairs  of  ducts,  manholes,  sewer 
connections  and  traps,  paving  over  such  subways,  but  not  any 
repairs  of  conductors  or  the  installation  thereof. 

NOTE. — The  cost  of  repairing  conduits,  which  carry  both  transmission 
and  distribution  conductors  should  be  apportioned  between  this  account 
and  account  No.  710. 

684 — Transmission  Lines 

Charge  to  this  account  the  cost  of  maintaining  transmission 
trunk  lines  between  generating  and  sub-stations  as  follows : 

(a)  Repairs — Overhead  Conductors 

Wages,  expenses  and  supplies  repairing  damages  to  overhead 
conductors. 

(b)  Repairs — Pole  Lines 

Wages,  expenses  and  supplies,  repairing,  renewing  and  re- 
moving poles,  cross  arms,  braces,  guys  and  other  poles,  fixtures, 
towers,  painting  poles,  repaving  streets  and  repairing  sidewalks. 

(c)  Repairs — Underground  Conductors 

Wages,  expenses  and  supplies  used  in  repairing  damages  to 
underground  conductors. 

(d)  Repairs — Telephone  System 

Repairing  and  renewing  telephone  equipment  and  telephone 
lines  used  for  the  operation  of  the  transmission  system.  This 
includes  repair  parts  for  telephones,  telephone  switchboards, 
wires,  insulators,  poles  and  cross  arms  used  in  connection  with 
telephone  system. 


58 


Operating  Expenses — Storage  Battery 

Operation 
<)S7 — Wages 

(a)  Superintendence 

Charge  to  this  account  the  cost  of  salaries  of  superintendents 
and  clerks,  and  also  that  portion  of  the  salaries  of  the  engineering 
staff  of  the  company  which  is  chargeable  to  storage  batteries. 

(b)  Wages 

Wages  of  battery  men,  including  inspectors  and  testers. 

688— Supplies 

Charge  to  this  account  the  cost  of  acid  and  distilled  water  in 
cells,  soda,  sponges,  brooms,  mops,  waste,  rags,  hydrometers,  ther- 
mometers, automatic  cell  fillers,  rubber  hose,  gloves,  shoes,  paint, 
etc.,  and  brushes  for  boosters  and  compensators. 

Maintenance 

692— Batteries 

Charge  to  this  account  the  cost  of  all  repairs  to  storage 
battery  equipment,  such  as  storage  battery  tanks,  switches,  regu- 
lating apparatus,  boosters,  compensators,  renewal  of  worn  out 
cells,  including  diaphragms,  negative  and  positive  plates,  lead  in 
strip,  spelter,  dry  boards,  tin  bands,  sheet  lead,  glass  plates,  glass 
covers,  hydrogen  generators,  jumpers,  chimps,  lamp  black,  and 
items  of  a  similar  nature. 

693 — Accessories 

Charge  to  this  account  the  cost  of  all  repairs  to  tanks,  battery 
room  floor,  switches,  regulating  apparatus,  boosters  and  com- 
pensators. 

694— Buildings 

Charge  to  this  account  the  cost  of  all  repairs  and  maintenance 
of  storage  battery  buildings. 

Operating  Expenses — Distribution 

Operation 

701— Wages 

(a)  Superintendence 

Charge  to  this  account  salaries  of  superintendent,  assistants 
and  clerks;  also  that  portion  of  the  salaries  of  the  engineering 
staff  of  the  company  assignable  to  the  distribution  system. 

(b)  Wages 

Labor  under  operations  not  elsewhere  provided  for. 


59 

TOi* — Supplies  and  Expense 

Charge  to  this  account  the  cost  of  all  supplies  consumed  and 
expense  incurred  in  connection  with  the  operation  of  the  distribu- 
tion system  not  elsewhere  provided  for.  There  will  be  charged  to 
this  account  the  cost  of  maps  and  records,  distribution  office  sup- 
plies and  expenses,  and  distribution  office  rental  where  such  ex- 
pense is  directly  chargeable. 

(a)  Maps  and  Records 

Salaries  and  expenses  for  making  maps  and  records,  of  under- 
ground and  overhead  lines,  including  stationery,  drawing  ma- 
terial, etc. 

(b)  Office  Expense 

Carfares,  meals,  stationery,  telephone,  postage  and  similar 
expense  in  the  office  of  the  superintendent  of  the  distribution 
department. 

(c)  Miscellaneous  Expense 

Expenses  not  elsewhere  provided  for  and  not  included  under 
the  above  sub-sections. 

703— Subway  Rental 

Charge  to  this  account  the  amount  of  rental  paid  for  under- 
ground conduits  leased  from  other  companies  and  municipalities. 

This  account  should  not  include  the  rental  paid  for  conduits 
used  by  transmission  lines,  which  is  provided  for  under  account 
No.  677. 

704 — Distribution  Lines 

Charge  to  this  account  the  cost  of  operating  distribution 
system  as  follows : 

(a)  Labor  and  Expense — Subways 

Wages  and  expenses  inspecting  and  cleaning  subway  ducts, 
manholes  and  sewer  connections. 

(b)  Labor  and  Expense — Overhead  Conductors 
Wages  and  expenses  of  patrolmen,  testers,  etc. 

(c)  Labor  and  Expense — Underground  Conductors 
Wages  and  expenses  of  patrolmen,  testers,  etc. 

705 — Meters 

Charge  to  this  account  the  cost  of  salaries  and  expenses  of 
superintendent  and  clerks  in  meter  department,  testers  and  in- 
spectors, office  expenses,  etc.,  as  follows : 


GO 

(a)  Salaries  and  Expense 

Salaries  and  expenses  of  superintendent  and  clerks,  and  also 
that  portion  of  the  salaries  of  the  engineering  staff  chargeable  to 
this  account. 

(b)  Testing 

Wages  and  expenses  testing  and  inspecting  meters  in  con- 
sumers' premises  or  in  meter  shops. 

\c)   Miscellaneous  Expense 

Stationery,  postage,  telephone,  light,  fuel,  testers'  tools  and 
supplies,  etc. 

706 — Setting  and  Removing  Meters  and  Transformers 

Charge  to  this  account  the  cost  of  setting  and  removing 
meters  and  transformers,  connecting  and  disconnecting  services 
as  follows : 

( a )  Meters 

Wages,  expenses  and  supplies  setting,  changing  and  removing 
meters  in  consumers'  premises;  also  the  cost  of  connecting  and 
disconnecting  services. 

NOTE. — If  it  is  the  rule  of  the  utility  to  capitalize  the  first  cost  of 
setting  meters.  The  cost  should  be  charged  to  account  No.  166. 

(b)  Transformers 

Wages,  expenses  and  supplies  setting,  inspecting,  testing, 
replacing  and  removing  transformers,  either  in  consumers'  prem- 
ises, on  poles  or  in  manholes. 

Maintenance 
710 — Underground  Conduits 

Charge  to  this  account  the  cost  of  maintaining  subways  and 
underground  conduits,  including  repairs  of  ducts,  manholes, 
sewer  connections  and  traps,  paving  over  such  subways  and  all 
ducts  and  conduits,  but  not  any  repairs  of  conductors  or  the 
installation  thereof. 

NOTE. — The  cost  of  maintaining  underground  conduits  and  subways, 
which  carry  both  transmission  and  distribution  conductors,  should  be 
apportioned  between  this  account  and  the  account  No.  683. 

711 — Overhead  Lines 

Charge  to  this  account  the  cost  of  maintenance  of  overhead 
conductors  and  pole  lines  as  follows : 

(a)   Repairs — Conductors 

Wages,  expenses  and  supplies  repairing  damages  to  overhead 
conductors. 


61 

(b)   Repairs — Pole  Lines 

Wages,  expenses  and  supplies  repairing,  renewing  and  re- 
moving poles,  cross-arms,  braces,  guys  and  other  pole  fixtures, 
towers,  painting  poles,  repaying  streets  and  repairing  sidewalks. 

712 — Underground  Conductors 

Charge  to  this  account  the  cost  of  wages,  expenses  and  sup- 
plies repairing  damaged  underground  conductors. 

713 — Services 

Charge  to  this  account  the  cost  of  wages,  expenses  and  sup- 
plies repairing,  services,  both  underground  and  overhead,  leading 
from  the  mains  to  the  consumers'  premises. 

714 — Transformers 

Charge  to  this  account  the  cost  of  all  labor  and  material 
employed  in  repairing  transformers,  including  renewing  oil,  re- 
painting, rewinding,  removing  and  replacing;  also  repairs  to 
switches  and  cutouts — the  property  of  the  company  in  consumers' 
premises. 

715 — Meters 

Charge  to  this  account  the  cost  of  wages,  expenses  and  sup- 
plies repairing  meters,  including  new  parts,  new  jewels,  cleaning 
and  painting. 

71G — Buildings  and  Grounds 

Charge  to  this  account  the  cost  of  all  labor  and  material 
expended  in  the  repair  and  maintenance  of  distribution  buildings 
and  grounds. 

Operating  Expenses — Utilization 

Operation 
721 — Commercial  Arc  Lamps 

Charge  to  this  account  the  cost  of  trimming  and  inspecting 
arc  lamps  on  customers'  premises.  Principal  items:  Trimming, 
inspecting,  installing  and  removing  lamps. 

722 — Incandescent  Lamps 

Charge  this  account  with  the  cost  of  first  installation  of 
incandescent  lamps  on  consumers'  premises  and  the  subsequent 
renewal  thereof,  including  cartage  and  delivery  expenses,  cost  of 
photometering  incandescent  lamps,  as  follows: 

(a)   Installation 

Cost  of  the  first  installation  of  incandescent  lamps  on  con- 
sumers' premises,  unless  consumer  is  charged  for  the  first  installa- 
tion, or  unless  it  is  the  policy  of  the  company  to  capitalize  the 
first  installation  under  account  Income. 


02 

(b)   Renewal 

Cost  of  renewing  incandescent  lamps  on  consumers'  premises, 
including  cartage  and  delivery  expense,  cost  of  photometering 
incandescent  lamps.  This  account  shall  be  credited  with  any 
rebate  received  for  the  return  of  stubs,  or  allowances  relating 
thereto. 

723 — Inspection — Customers'  I  'remises 

Charge  this  account  with  the  cost  of  inspection  of  customers' 
premises,  including  such  matters  as  the  charge  for  municipal 
certificates,  charge  for  Board  of 'Fire  Underwriters'  inspection 
certificates,  and  that  portion  of  the  salaries  and  expenses  of  the 
engineering  staff,  or  of  any  other  departments  than  distribution 
department,  engaged  in  technical  work  properly  assignable  to 
this  account. 

724 — Customers'  Installation 

Charge  to  this  account  the  cost  of  all  labor  and  material  fur- 
nished gratuitously  to  consumers  for  inside  work. 

Principal  items:  Attention  to  complaints  or  to  improving 
the  character  of  service,  replacing  or  repairing  wiring  fixtures 
or  electrical  appliances,  moving  appliances  from  place  to  place  in 
house,  reconnecting  same. 

725 — Municipal  Street  Arc  Lamps 

Charge  to  this  account  the  cost  of  all  labor  and  material  in 
trimming,  inspecting  and  operating  municipal  street  arc  lamps. 

726 — Municipal  Street  Incandescent   Lamps 

Charge  this  account  with  the  cost  of  first  installation  of 
incandescent  lamps  in  the  municipal  street  lighting  system,  and 
the  subsequent  renewal  thereof,  including  cartage  and  delivery 
expenses,  cost  of  photometering  incandescent  lamps,  as  follows: 

(a)  Installation 

Cost  of  first  installation  of  incandescent  lamps,  unless  it  is 
the  policy  of  the  company  to  capitalize  the  first  installation  under 
account  No.  160. 

(b)  Renewals 

Cost  of  renewing  incandescent  lamps,  including  cartage  and 
delivery  expense,  cost  of  photometering  incandescent  lamps.  This 
account  shall  be  credited  with  any  rebate  received  for  the  return 
of  stubs,  or  allowances  relating  thereto. 

Maintenance 
731 — Commercial  Arc  Lamps 

Charge  to  this  account  the  cost  of  keeping  in  repair  private 
consumers'  arc  lamps  and  those  in  municipal  buildings,  including 


63 

such  matters  as  setting  and  removing  lamps  for  repairs  and 
adjustment,  repair  parts,  testing  during  the  adjustment  and  after 
repairs;  also  that  portion  of  the  arc  lamp  shop  expense  chargeable 
thereto. 

732 — Municipal  Arc  Lamps 

Charge  to  this  account  the  cost,  including  labor  and  material 
in  changing  lamps  for  repairs  and  adjustments,  renewals,  repairs 
of  mast  arms,  hangers,  poles,  ropes,  etc.,  painting  poles;  also  that 
proportion  of  arc  lamp  shop  expense  chargeable  thereto. 

733 — Municipal  Incandescent  Lamps 

Charge  to  this  account  the  cost,  including  labor  and  material, 
of  repairing  municipal  incandescent  street  lamps  and  fixtures. 

NOTE. — This  does  not  include  items  chargeable  to  maintenance  of 
poles  and  their  fixtures,  or  of  subways,  or  conductors. 

Commercial  Expense 
741 — Office  Salaries  and  Expense 

Charge  to  this  account  the  proportion  of  salaries  and  expenses 
of  general  officers  and  assistants  in  charge  of  commercial  depart- 
ment and  salaries  of  bookkeepers  and  all  clerks  in  the  accounting 
and  collection  departments  having  to  do  with  consumers'  accounts, 
as  follows : 

(a)  Salaries  and  Expense — Meter  Indexers 

Salaries  and  expenses  of  meter  indexers,  including  indexers' 
lamps. 

(b)  Salaries  and  Expenses — Accounting  Department 

Proportion  of  salaries  and  expenses  of  general  officer  and 
assistants  in  charge  of  commercial  department,  and  salaries  of 
bookkeepers  and  all  clerks  in  the  accounting  department  having 
to  do  with  consumers'  accounts. 

(c)  Salaries  and  Expense — Collection  Bureau 

Salaries  and  expenses  of  chief  and  assistants  in  bureau;  col- 
lectors' salaries,  badges,  carfares,  delivering  bills. 

(d)  Salaries  and  Expense — Contract  Department 

Salaries  and  expenses  incurred  in  the  contract  department, 
including  attention  to  bill  questions;  but  should  not  include  any 
item  chargeable  to  New  Business. 

742 — Office  Supplies  and  P^xpenses 

Charge  to  this  account  the  cost  of  stationery,  meals,  carfare, 
heat,  janitor,  telephones,  rents  for  commercial  offices,  and  all 
other  incidental  expenses. 


64 

New  Business 
747 — Salaries  and  Expense 

Charge  to  this  account  the  salaries  of  the  heads  of  the  depart- 
ment maintained  for  the  promotion  or  development  of  electrical 
consumption,  including  that  portion  of  the  salaries  of  the  man- 
agement and  clerks  in  agency  and  contract  departments  assign- 
able to  new  business. 

748 — Miscellaneous  Supplies  and  Expense 

Charge  to  this  account  the  expense  of  the  New  Business 
Department,  including  the  proportion  of  office  rent  chargeable 
thereto,  and  expenses  not  provided  Tor  in  other  accounts. 

749— Soliciting 

Charge  to  this  account  all  of  the  amounts  paid  out  for  salaries 
and  expense  of  canvassers,  as  follows : 

(a)  Salaries — Canvassers 

Salaries  and  commissions  in  soliciting  new  business,  pre- 
paring estimates,  engineering  advice,  etc. 

(b)  Expense — Canvassers 

Personal  expenses  of  staff  incurred  in  soliciting  new  business; 
also  all  office  sundries  in  connection  therewith. 

750— Advertising 

Charge  to  this  account  all  the  payments  for  advertising,  as 
follows : 

(a)  Salaries  and  Expense 

Salaries  and  expenses  of  advertising  manager  and  clerks. 

(b)  Sundries 

Advertising  sundries,  including  booklets,  dodgers,  newspaper 
advertisements,  posters,  bulletins  and  all  related  items. 

751 — Wiring  and  Appliances 

Charge  to  this  account  the  cost  of  all  work  or  devices  fur- 
nished to  consumers  without  charge,  in  connection  with  new 
business,  as  follows: 

(a)  Promotion  Wiring 

This  covers  the  cost  of  wiring  in  consumers'  premises  fur- 
nished without  special  charge  in  order  to  induce  new  business. 

(b)  Promotion  Signs  and  Devices 

This  covers  the  cost  of  electric  signs  and  other  devices 
(including  delivery  and  connection  charges,  and  expenses  in  con- 
nection therewith),  supplied  to  consumers  without  special  charge 
in  order  to  induce  new  business. 


General  Expense 
761— Salaries  and  Expense  of  General  Officers 

Charge  to  this  account  the  salaries  and  expenses  of  the 
Chairman  of  the  Board,  President,  Vice-President,  Secretary, 
Treasurer,  General  Manager,  Assistant  General  Manager,  Comp- 
troller, General  Auditor,  Chief  Engineer,  General  Superintendent, 
Purchasing  Agent  and  all  other  officers  with  jurisdiction  extend- 
ing over  the  entire  system,  whose  services  cannot  be  satisfactorily 
allocated  to  the  several  departments  (also  include  directors' 
fees). 

762 — Salaries  and  Expense  of  General  Office  Clerks 

Charge  to  this  account  all  of  the  amounts  paid  out  for  sal- 
aries of  all  employees  in  the  general  office,  as  follows : 

(a)  Accounting  Department  Expense 

Proportion  of  salaries  of  general  officer  and  assistants  in 
accounting  department — cashiers,  bookkeepers,  and  clerks — 
chargeable  to  this  account. 

(b)  Purchasing  Department  Expense 

Salaries  and  expenses  of  Purchasing  Agent  and  staff. 

(c)  General  Service  Expense 

Salaries  and  expenses  of  general  service  in  office  including 
mail  clerks,  stenographic  department,  telephone  operators,  etc. 

763 — Printing  and  Stationery — General 

Charge  to  this  account  the  cost  of  all  stationery  and  office 
supplies  in  the  general  office. 

764 — General  Office  Expense 

Charge  to  this  account  all  of  the  amounts  paid  out  for  sun 
dry  expense  in  general  office  postage,  telephones  and  telegrams, 
as  follows : 

(a)  Office  Sundries 

Sundry  expenses  in  general  office. 

Principal  items:  Advertising  stockholders'  meetings,  maps, 
exchange  on  remittances,  post-office  box,  safe  deposit  box,  travel- 
ing expenses,  rentals,  janitors'  supplies,  bond  and  stock  expenses. 

(b)  Postage,  Telephone,  Telegrams 

All  expenses  of  this  nature  in  the  general  office. 
765 — Repairs  to  General  Office  Buildings 

Charge  to  this  account  the  cost  of  all  labor  and  material 
expended  in  the  repairs  and  maintenance  of  general  office  build 
ings. 


66 

TOO — Expense — General 

Charge  to  this  account  all  of  the  amounts  paid  out  for  sal 
aries  and  expense  of  the  technical  staff  which  may  not  be  charged 
to  any  of  the  foregoing  operating  or  construction  accounts.     In- 
clude also  any  expense  general  to  the  business  not  chargeable 
specifically  to  general  office  accounts. 

767 — Law  Expense — General 

Charge  to  this  account  all  law  expenses,  except  those  in- 
curred in  the  defense  and  settlement  of  damage  claims.  This  in- 
cludes salaries  and  expenses  of  all  counsel,  solicitors  and  at  lor 
neys,  their  clerks  and  attendants,  and  expenses  of  their  offices; 
cost  of  law  books,  printing  briefs,  legal  forms,  testimony  reports, 
etc.,  fees  and  retainers  for  services  of  attorneys  not  regular  em- 
ployees; court  costs  and  payment  of  special,  notarial  and  witness 
fees,  not  provided  for  elsewhere;  expense  in  connection  with 
taking  depositions,  and  all  law  and  court  expenses  not  provided 
for  elsewhere. 

NOTE. — The  compensation  of  the  General  Solicitor  or  Counsel,  or  other 
attorneys  engaged  partially  in  the  defense  or  settlement  of  damage  suits, 
or  partially  in  legal  work,  should  be  properly  proportioned  between  this 
account  and  account  Injuries  and  Damages. 

70S — Injuries  and    Damages    (Unless    the  Cost    is   Chargeable   to 
Plant  Investment) 

Charge  to  this  account  all  expenses  (other  than  law  expenses 
provided  for  in  account  No.  707)  relating  to  persons  killed  or  in- 
jured and  property  damaged  in  connection  with  the  operation  of 
the  plant,  as  enumerated  under  the  following  heads: 

(a)  Claim  Department  Expense 

This  head-  includes  salaries  and  expenses  of  claim  agent, 
investigators,  adjusters,  and  others  engaged  in  the  investigation 
of  accidents  and  adjustment  of  claims,  including  legal  expense. 

(b)  Medical  Expense 

This  head  includes  salaries,  fees  and  expenses  of  surgeons, 
nursing,  hospital  attendants,  medical  and  surgical  supplies;  fees 
and  expenses  of  coroners  and  undertakers,  and  contributions  to 
hospitals. 

(c)  Injuries  to  Employees 

This  head  includes  amounts  paid  in  settlement  of  claims  of 
employees  for  injuries  arising  in  the  course  of  their  employment  ; 
also  wages  paid  to  disabled  employees  while  off  duty. 

(d)  Injuries  to  Others 

This  head  includes  amounts  paid  in  settlement  of  claims  for 
injuries  to  individuals  other  than  employees  of  the  Company. 


07 

including  amounts  paid  for  damages  to  property  to  those  other 
than  employees. 

7(1!) — Insurance 

Charge  to  this  account  premiums  paid  to  insure  against  fire, 
fidelity,  boilers,  casualty,  burglary,  and  all  other  insurance;  also 
amount  set  aside  as  an  insurance  reserve. 

770 — Relief  Department  and  Pensions 

Charge  to  this  account  all  amounts  expended  for  Pension  and 
Relief  Department  work  and  all  expenses  in  connection  there- 
with. 

771 — Electric  Franchise  Requirements 

Charge  to  this  account  at  current  rates  the  service  furnished 
in  compliance  with  franchise  requirements  and  for  which  no 
payment  is  received  by  the  corporation;  also  all  direct  expense, 
such  as  paving  and  other  like  matters  incurred  in  compliance 
with  such  requirements  and  for  which  no  reimbursement  is  re- 
ceived by  the  corporation.  Amounts  charged  to  this  account 
representing  free  service  shall  be  credited  to  the  below  provided 
account.  No.  774 — Duplicate  Electric  Charges — Cr. 

773 — Inventory  Adjustments 

Charge  or  credit  to  this  account  any  shortages  or  overages 
shown  by  the  inventory  of  Materials  and  Supplies  which  cannot 
be  distributed  to  the  proper  construction  or  operating  expense 
account. 

774 — Duplicate  Electric  Charges — Credit 

Credit  to  this  account  all  charges  made  to  any  accounts  in 
electric  operating  expenses  in  respect  of  any  electrical  energy  or 
other  product  of  electric  operations  of  the  utility  consumed  there- 
in or  furnished  free  to  the  municipality  under  franchise  require 
ments. 

(a)   Rebates  and  Allowances 

Charge  to  this  account  all  rebates  alloAved  for  corrections, 
error  in  billing,  fast  meters,  etc. 

775 — Depreciation  Account 

Charge  to  this  account  at  monthly  intervals  the  monthly  pro- 
portion of  the  estimated  annual  depreciation  of  the  tangible  prop- 
erty due  to  wear  and  tear,  obsolescence  and  inadequacy.  The 
estimate  here  required  shall  be  made  upon  a  rule  designed  to 
effect  by  its  uniform  application  during  the  life  of  the  tangible 
property  in  service,  a  charge  into  operating  expenses  of  the  total 
original  cost  of  such  property,  less  its  salvage  or  scrap  value  upon 
retirement.  The  amount  charged  to  this  account  shall  be  con- 


08 

currently  credited  to  the  reserve  account  No.  351,  ''Depreciation 
Reserve." 

NOTE. — Until  otherwise  ordered  the  amount  estimated  to  cover  such 
wear  and  tear  and  obsolescence  and  inadequacy  shall  be  determined  by  the 
accounting  utility,  based  on  the  utility's  knowledge  and  experience  during 
the  preceding  years  of  operation. 

This  account  does  not  include  ordinary  repairs  and  replacements,  the 
extent  of  which  does  not  amount  to  a  substantial  change  of  identity.  All 
ordinary  repairs  and  replacements  must  be  charged  to  the  property  mainte- 
nance accounts. 

776— Real  Estate  Rentals 

Charge  to  this  account  all 'rentals  paid  and  expenses  in- 
curred for  buildings  or  space  used  for  the  purposes  of  the  busi- 
ness, unless  the  premises  arc  used  solely  for  construction  pur- 
poses, or  in  connection  with  a  clearing  or  apportionment  ac- 
count, in  which  latter  events  the  rentals  should  be  charged 
accordingly. 

770— Taxes 

Charge  to  this  account  tlic  amount  paid  or  accrued  for  taxes 
of  every  description  applicable  to  the  property  of  the  company 
devoted  to  electrical  operations  including  taxes  on  poles,  real 
estate,  buildings,  capital  stock,  franchises,  gross  receipts,  ease 
ments  and  Federal  (income)  tax. 

780— Uncollectible  Bills 

When  after  a  reasonably  diligent  effort  to  collect  any  account 
due  for  electrical  energy  sold  has  proved  impracticable  of  collec- 
tion, it  shall  be  charged  to  this  account  and  credited  to  the  ac- 
count receivable  in  which  theretofore  charged. 

NOTE. — Where  no  reserve  for  uncollectible  bills  is  kept,  cash  received 
on  account  of  items  previously  charged  off  should  be  credited  directly  to 
this  account. 


NON-OPERATING  REVENUES 

782 — Rents  from  Lease  of  Real  Estate  and  Buildings 

Credit  to  this  account  monthly,  as  they  accrue,  all  miscel- 
laneous rent  revenues  flowing  to  the  corporation  as  a  return  upon 
leased  property  other  than  electric  plant  and  equipment. 

783 — Interest  and  Dividends  from  Investments 

(a)  Interest  from  Bond  and?  Other  Investments 

Credit  to  this  account  monthly,  as  it  accrues,  all  interest 
from  bond  and  other  investments;  that  is  to  say,  all  interest 
accruing  to  the  corporation  upon  all  such  of  its  interest-bearing 
investments  as  are  liabilities  of  solvent  concerns  and  individuals. 

(b)  Dividends  from  Stock  Investments 

Credit  to  this  account  at  their  cash  values,  and  as  of  the  date 
when  declared,  all  dividends  declared  by  solvent  concerns  upon 
stocks  held  by  the  corporation  among  its  investments. 

784 — Steam  and  Heating  Department  Revenue 

Credit  to  this  account  all  revenues  derived  from  heating 
buildings  by  means  of  exhaust  or  live  steam  and  hot  water  at 
special  flat  rates ;  also  all  revenue  derived  from  the  sale  of  exhaust 
and  live  steam  for  heating  and  power  purposes  at  metered  rates. 

785 — Miscellaneous  Non-Operating  Revenues 

Credit  to  this  account  all  non-operative  revenues  accruing  to 
the  company  and  not  provided  for  in  any  of  the  foregoing 
accounts. 


70 


NON-OPERATING  EXPENSES 

786 — Steam  and  Heating  Department  Expenses 

Charge  to  this  account  all  items  of  operating  expenses  \vhicli 
can  be  segregated  and  originate  directly  from  the  production  and 
sale  of  steam  for  power  and  heating  purposes,  or  from  the  fur- 
nishing of  heat  energy  by  the  medium  of  steam  or  hoi  water. 

Charge  to  -this  account  also  the  proportion  assignable  to 
Steam  and  Heating  Department  .of  all  operating  expenses  (in- 
cluding commercial,  promotion  and  general  expenses)  which  are 
common  to  the  production  and  sale  of  electric  energy  and  the 
production  and  sale  of  steam  and  heat  energy  and  cannot  be 
directly  segregated  and  assigned  to  the  heat  and  electric  depart 
ments  respectively.  Such  proportion  shall  be  determined  pro 
rata  upon  the  basis  of  steam  units  utilized  in  the  respective 
departments,  or  upon  such  other  basis  as  will  be  most  equitable 
for  the  distribution  of  the  items  involved.  The  proportions  of 
such  expenses  so  charged  shall  be  likewise  credited  to  the  respect- 
ive operating  expense  accounts  of  the  electric  department  involved 
in  such  division  of  expense,  provided  the  entire  expense  has  been 
carried  in  those  accounts  in  the  tirst  instances. 

7S7 — Other  Non-Operating  Expenses 

Charge  to  this  account  all  matters  provided  for  under  the 
following  sub-accounts  and  not  included  elsewhere. 

(a)  Kent  Expense 

This  sub-account  includes  all  expense  arising  m  connection 
with  the  procuring  of  revenues  from  property  let  out  to  others, 
including  the  cost  of  negotiating  contracts,  advertising  for  ten 
ants,  fees  paid  conveyancers,  collector's  commissions,  cost  of 
enforcing  payment  of  rent,  cost  of  ousting  tenants,  etc.,  and  all 
other  expense  arising  in  connection  with  such  property.  This 
applies  only  to  leases  conveying  the  property  out  of  the  possession 
of  the  corporation,  and  it  includes  the  expense*  accruing  while 
the  property  is  idle  and  awaiting  an  occupant.  This  sub-account 
includes  cost  of  maintenance  of  the  property  when  such  cost  is 
borne  by  the  corporation.  Such  maintenance  includes  deprecia- 
tion as  well  as  repairable  wear  and  tear.  It  does  not  include 
taxes. 

(b)  Interest  Expense 

This  sub-account  includes  all  expense  arising  in  connection 
with  procuring  interest  upon  investments,  such  as  expense -of 
collection,  expense  of  investigating  delay  in  payment,  expense  of 
enforcing  payment,  and  the  like.  It  does  not  include  taxes  on  such 
investments. 


71 

(c)  Dividend  Expense 

This  sub-account  includes  all  expense  rising  in  connection 
with  the  collection  of  dividends  on  stocks  of  other  corporations; 
also  all  expense  incurred  in  the  investigation  of  the  affairs  of  the 
corporation  whose  stocks  are  held,  whether  for  the  purpose  of 
detecting  mismanagement  or  for  the  purpose  of  inducing  the 
declaration  of  dividends,  a-nd  all  expense  connected  with  enforcing 
payment  of  dividends  when  declared.  It  does  not  include  taxes 
on  such  investments. 

(d)  Non-Operating  Taxes 

This  sub-account  includes  all  taxes  accruing  upon  non- 
operating  property  and  all  assignable  to  non-operating  revenues. 

(e)  rncollectible  Non-Operating  Kevenues 

When  any  non-operating  revenues  are  judged  by  the  corpora- 
tion to  be  uncollectible,  the  amount  thereof  shall  be  credited  to 
the  account  in  which  theretofore  carried,  and  charged  to  this 
sub-account. 

(f)  Miscellaneous  Non-Operating  Expense 

This  sub-account  includes  all  non-operating  expense  which  is 
not  provided  for  in  the  foregoing  sub-accounts. 


DEDUCTIONS  FROM  INCOME 

TSS — Interest  on  Funded  Debt 

Charge  to  this  account  all  interest  accruing  absolutely  on 
the  outstanding  funded  debt  of  the  corporation. 

This  includes  mortgage  bonds,  income  bonds  (if  interest  on 
such  be  payable),  debentures  and  mortgages  and  ground  rents. 

789 — Interest  on  Unfunded  Debt 

Charge  to  this  account  all  interest  paid  or  accrued  on  prom- 
issory notes  or  other  unfunded  debt  of  the  utility. 

790 — Extinguishment  of  Discount  on  Securities 

Charge  to  this  account  at  the  close  of  each  year  the  propor- 
tion of  the  unextinguished  discount  on  securities  applicable  to 
the  period.  This  proportion  shall  be  such  an  amount  as  will  com- 
pletely wipe  out  the  discount  on  the  debt  during  the  interval 
between  issue  and  maturity  of  the  same.  The  amount  so  charged 
shall  be  concurrently  credited  to  account  No.  251. 

The  corporation  may,  if  it  so  desire,  wipe  out  such  discount 
earlier  by  charging  all  or  any  portion  thereof  to  Year's  Profit 
and  Loss  Account. 

791 — Sinking  Fund  Accruals 

Charge  to  this  account  and  credit  Sinking  Fund  Reserves 
the  amount  of  all  accruals  required  to  be  made  to  Sinking  Fund 
in  accordance  with  the  provisions  of  mortgages  or  other  contracts 
requiring  the  establishment  of  sinking  funds. 

792 — Miscellaneous  Deductions  from  Income 

Charge  to  this  account  all  income  deductions  not  provided 
for  in  any  of  the  foregoing  accounts. 

793 — Extinguishment  of  Premium  on  Debt — Credit 

Credit  to  this  account  at  or  after  the  close  of  any  fiscal  pe- 
riod the  proportion  of  the  premium  received  on  outstanding  debt 
at  time  of  issue  which  is  applicable  to  the  period.  This  propor- 
tion is  to  be  determined  according  to  a  rule,  the  uniform  applica- 
tion of  which  during  the  interval  between  the  issue  and  the 
maturity  of  any  debt  will  completely  amortize  or  wipe  out  the 
premium  so  received.  The  amount  so  credited  shall  be  con- 
currently charged  to  account  No.  353.  Such  amortization  may, 
at  the  option  of  the  corporation,  be  effected  by  crediting  all  or 
any  portion  of  such  premium  to  Profit  and  Loss  account  only 
upon  the  maturity  of  the  debt. 


APPROPRIATIONS 

795— Dividends  Declared 

Immediately  upon  the  declaration  of  a  dividend,  this  ac- 
count should  be  charged  the  amount  of  such  dividend  and  credit 
made  to  the  account  Dividends  Payable. 

796 — Miscellaneous  Appropriations 

(a)  Expenses  Elsewhere  Unprovided  For 

Charge  to  this  account  all  expenses  not  chargeable  as  a  part 
of  operating  expenses  or  of  non-operating  expenses,  such  as  fines 
levied  on  the  corporation  for  violation  of  law,  for  misfeasance, 
for  non-feasance,  etc.,  fines  levied  on  directors,  officers  and  other 
employees  and  assumed  by  the  corporation,  donations  of  funds 
to  churches  and  other  associations,  and  other  like  expenses  and 
outgoings. 

(b)  Adjustments  of  Accounts  for  Previous  Years 

Charge  or  credit  to  this  account  all  adjustments,  affecting- 
previous  years'  Profit  and  Loss  not  applicable  to  the  current 
fiscal  year. 


YC  35354" 


